Jupiter Life Line Hospitals Ltd gets land allotment from MMRDA

JUPITER LIFE LINE HOSPITALS LIMITED has received a letter from Mumbai Metropolitan Region Development Authority (MMRDA) conveying the acceptance of its tender for allotment of land on lease basis, for a period of 80 years.

The said allotment pertains to land admeasuring an area of ~10,026.44 sqm on lease basis, for an amount of ~ Rs. 354 Crores. The Land is situated at plot no. SF5 in GTxT-Block of BandraKurla Complex, Maharashtra.

The aforesaid land is leased for setting up ~ 400 beds hospital subjected to various statutory and regulatory approvals.

The capital expenditure for the proposed project shall be determined based on detailed project plans, funding arrangements, and approvals, and shall be considered by the Board of Directors from time to time.

Shares of Jupiter Life Line Hospitals Limited was last trading in BSE at Rs. 1276.25 as compared to the previous close of Rs. 1276.80. The total number of shares traded during the day was 5322 in over 1037 trades.

The stock hit an intraday high of Rs. 1296.00 and intraday low of 1233.50. The net turnover during the day was Rs. 6802426.00.

Source : Equity Bulls

Keywords

JupiterLifeLineHospitals INE682M01012 MMRDA LandAllotment