Stock Report

Brigade Foundation to Set Up 2 Not-for-Profit Hospitals of 100 beds each at Brigade Meadows, Kanakapura Road and Brigade EL-Dorado, AeroPark

Posted On : 2023-06-13 18:33:05( TIMEZONE : IST )

Brigade Foundation a not-for-profit initiative of Brigade Group has announced the setting up of 2 not-for-profit, 100-bed hospitals in association with the well-known St John's Medical College Hospital. The hospitals will come up at Brigade Group's integrated housing projects Brigade Meadows - a 60-acre development with 3000 completed and occupied apartments on Kanakapura Road next to The Art of Living; and at Brigade EL-Dorado, a 50-acre development with nearly 6000 apartments at AeroPark/ Hardware Park in North Bangalore. The hospitals are expected to be operational in calendar years 2024 and 2025, respectively.

Commenting on the initiative, M R Jaishankar, Executive Chairman, Brigade Enterprises Limited said, "Brigade is happy to announce these corporate philanthropic initiatives in the field of healthcare to benefit the neighbourhood apart from thousands of residents in our projects."

Rev. Dr. Paul Parathazham, the Director of St. John's Medical College and Hospital said, "St. John's is very happy to partner with the Brigade Foundation in setting up 2 new 100-bed St. John's Medical College Hospitals in the Brigade Housing Projects at Brigade Meadows and EL-Dorado. These 2 Not-for-Profit hospitals will help St. Johns expand its services to other parts of the City of Bangalore and take forward its mission to deliver affordable healthcare, especially to the underserved, with integrity, compassion and excellence."

Shares of Brigade Enterprises Limited was last trading in BSE at Rs. 578.05 as compared to the previous close of Rs. 564.80. The total number of shares traded during the day was 735256 in over 4740 trades.

The stock hit an intraday high of Rs. 586.50 and intraday low of 565.15. The net turnover during the day was Rs. 421738902.00.