Global Health Limited offered land by MHADA on lease basis for Rs. 125.11 crores

Global Health Limited has been offered by Mumbai Housing and Area Development Authority (MHADA) vide its letter dated July 22, 2024 a land parcel measuring 8859.24 sq. meters for an amount of Rs 125.11 crores (approx.) on lease basis under online e-tenders issued by MHADA.

The aforesaid land parcel is situated at Mauje-Oshiwara, Jogeshwari, CTS No. 31, 32 (part), 33 (part), 37 (part), Mumbai, Maharashtra and can accommodate construction of a 500+ bedded hospital with an estimated project capex of Rs. 1,200 crores, subject to various customary and statutory approvals.

The detailed business plan for the construction of above mentioned 500+ bedded hospital is subject to approval of Board of the Company.

Shares of Global Health Limited was last trading in BSE at Rs. 1177.95 as compared to the previous close of Rs. 1191.25. The total number of shares traded during the day was 5018 in over 722 trades.

The stock hit an intraday high of Rs. 1203.65 and intraday low of 1168.00. The net turnover during the day was Rs. 5930380.00.

Source : Equity Bulls

Keywords

GlobalHealth Hospital Medanta INE474Q01031 MHADA Land LeaseBasis