Max Healthcare Institute Ltd to enter into long-term service agreement with BPCM

The board of directors ("Board") of Max Healthcare Institute Limited at their meeting held today i.e. March 12, 2025, approved the proposal to enter into a Long-term Service Agreement ("LTSA") with Bharat Prakritik Chikitsa Mission (BPCM), a society which is setting up a 200 bedded hospital in Pitampura, Delhi.

The construction of the hospital premises is expected to be completed within the next three to four years. The Company shall provide an interest-free, refundable deposit linked to construction milestones as a guarantee against its performance obligations under the LTSA, once the hospital is ready for commissioning.

Shares of Max Healthcare Institute Limited was last trading in BSE at Rs. 990.55 as compared to the previous close of Rs. 990.20. The total number of shares traded during the day was 24312 in over 2022 trades.

The stock hit an intraday high of Rs. 1009.85 and intraday low of 979.65. The net turnover during the day was Rs. 24266416.00.

Source : Equity Bulls

Keywords

MaxHealthcareInstitute INE027H01010 HealthcareFacilities LongTerm ServiceAgreement BPCM