MoneyWorks4Me

Park Medi World informs about acquisition

31 Aug 2026 Evaluate
Park Medi World has informed that pursuant to the provisions of Regulation 30 of the Listing Regulations and in furtherance of our disclosure dated August 26, 2026, regarding winning bid for the development and operation of a 550-bed multi-super-speciality hospital at Prayagraj, Uttar Pradesh, which has been awarded to the Company under the Public–Private Partnership (PPP) model by the Prayagraj Municipal Corporation, Uttar Pradesh. Now, we wish to inform you that the Board of Directors of Park Medi World Limited (“Company”), at its meeting held today, Monday, August 31, 2026, has approved the incorporation of a wholly-owned subsidiary of the Company as a Special Purpose Vehicle under the name and style of ‘Park Medicity Prayagraj Limited’ or ‘Park Hospital Prayagraj Limited’, or such other name as may be approved by the Ministry of Corporate Affairs. The details as required under the Listing Regulations read with SEBI circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, are provided in ‘Annexure’ as enclosed. The meeting of the Board of Directors of the Company commenced at 10:00 A.M. (IST) and concluded at 10:55 A.M. (IST). The disclosure is also being disseminated on the Company's website at https://www.parkhospital.in/.

The above information is a part of company’s filings submitted to BSE.

Park Medi World Share Price

280.90 -5.25 (-1.83%)
01-Sep-2026 16:59 View Price Chart
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