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Ashiana Housing Ltd enters into management agreement for managing Utsav Care Homes - Bhiwadi

Posted On: 2018-12-01 17:40:52

Ashiana Housing Ltd has entered into a Management Agreement with Genesis Rehabilitation Services India Pvt. Ltd. to manage and operate, the 'Utsav Care Homes' - Bhiwadi (Rajasthan), a part of Senior Living development 'Ashiana Utsav'.

Genesis Rehabilitation Services India Pvt. Ltd. ("GRSindia"), an operator of Senior Care and Rehabilitation Services, will offer various levels of Senior Care Services, including Independent Living, Assisted Living, Memory Care, Lang Term Care and Rehabilitation Services across India. GRSindia is poised to offer seniors the quality care they need as they are aging. In addition to pioneering new and innovative clinical and rehabilitation services in India, the Company looks to provide seniors with the independence and lifestyle that they are accustomed to.

GRSindia has a strategic partnership with Genesis Rehabilitation Services LLC, International Operations (GRS International Operations), a USA company located in Kennett Square Pennsylvania to leverage their operational, management, nursing and rehabilitation multi-site management expertise to deliver positive outcomes geared towards the health and well-being of seniors in India.

Ashiana believes that this arrangement with GRSindia will enhance the quality of care being provided in Utsav Care Homes along with the expertise that GRS International Operations is known for.

Shares of ASHIANA HOUSING LTD. was last trading in BSE at Rs.121.45 as compared to the previous close of Rs. 119.4. The total number of shares traded during the day was 385 in over 25 trades.

The stock hit an intraday high of Rs. 126 and intraday low of 120.05. The net turnover during the day was Rs. 46976.


Source: Equity Bulls

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