homebusiness Newscompanies NewsShalby to acquire 87% stake in Sanar International Hospitals for ₹102 crore

Shalby to acquire 87% stake in Sanar International Hospitals for ₹102 crore

Shares of Shalby Ltd ended at ₹304.20, up by ₹11.15, or 3.80%, on the BSE.

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By Jomy Jos Pullokaran  Jan 18, 2024 11:19:52 PM IST (Published)

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Shalby to acquire 87% stake in Sanar International Hospitals for ₹102 crore
Multi-speciality hospital chain Shalby Ltd on Thursday (January 18) said it will acquire an 87.26% stake in Sanar International Hospitals, Gurugram (PK Healthcare Private Ltd), for approximately ₹102 crore in equity stake.

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Shalby said the investment is in line with its strategy to accelerate its presence in the Delhi/NCR region and also consolidate its presence in the Northern part of India.
The hospital is located at Golf Course Road, Gurugram on a 1.27-acre plot taken on a long‐term lease. The current capacity of 130 beds facility can be expanded to the level of 180 beds with additional capex.
Sanar International Hospitals offers care in specialities such as cancer, heart, blood and marrow transplant, kidney & liver transplant, bone & joint and neurosciences among other specialities.
At present the hospital generates around 70% of its business from international markets catering to more than 60 countries, Shalby said.
Sanar International Hospitals has multiple tie-ups with various healthcare facilities across the globe and caters to the requirements of its patients through seven representative offices in the Middle East, Africa, CIS, SAARC and other international locations, the company added.
Shares of Shalby Ltd ended at ₹304.20, up by ₹11.15, or 3.80%, on the BSE.

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