Global Health has informed that the Board of Directors of the Company, at their meeting held today i.e. Wednesday, November 6, 2024, have approved signing of definitive agreement(s) with Dr. Narayan Dutt Shrimali Foundation International Charitable Trust Society (Society) to operate and manage 750 bedded hospital in Pitampura, New Delhi. As per the agreement, the hospital building and associated civil infrastructure will be developed by the Society and Medanta will make the necessary investments in internal fitouts, MEP, furniture and medical equipment. Medanta is expected to incur a project capex of upto Rs 600 crores in next 3-4 years, to be funded by a combination of internal accruals and debt financing. The Board meeting commenced at 01.00 PM (IST) and concluded at 01:20 PM (IST). The details as required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are provided in Annexure A.
The above information is a part of company’s filings submitted to BSE.
