Crosslay Remedies Ltd acquires land adjacent to Max Super Speciality Hospital, Vaishali

Crosslay Remedies Limited ("CRL"), a wholly-owned subsidiary of Max Healthcare Institute Limited that CRL has successfully executed a Sale Deed for the acquisition of 4,000 sq. meters land parcel, along with the building thereon, located adjacent to Max Super Speciality Hospital, Vaishali ("MSSH, Vaishali"), at a consideration of ~₹120 Crore. This strategic acquisition paves the way for the addition of ~140 beds at MSSH, Vaishali over period of next 30 months, significantly enhancing CRL's capacity to serve the growing healthcare needs of the region.

CRL shall invest another ₹200 Crore for creation of additional beds.

The additional bed capacity will cater to the healthcare needs of communities residing in and around Ghaziabad region in a fast developing State of Uttar Pradesh.

Crosslay Remedies Limited ("CRL") currently owns and operates 387 bedded Max Super Speciality Hospital, Vaishali ("MSSH, Vaishali").

Shares of Max Healthcare Institute Limited was last trading in BSE at Rs. 1166.55 as compared to the previous close of Rs. 1186.70. The total number of shares traded during the day was 43310 in over 3320 trades.

The stock hit an intraday high of Rs. 1197.35 and intraday low of 1158.70. The net turnover during the day was Rs. 50733738.00.

Source : Equity Bulls

Keywords

MaxHealthcareInstitute INE027H01010 HealthcareFacilities CrosslayRemedies LandAcquisition MaxSuperSpecialityHospital Vaishali