Ansal Properties signs an agreement with Fortis

Ansal Properties & Infrastructure Ltd has announced that the Company has signed an Agreement with Fortis Healthcare Holding Ltd, (Fortis) for setting up a world class Medicity at its Project, Sushant Golf City, located in Lucknow (U.P).

In terms of the said Agreement, Fortis shall, set up Fortis facility for medical treatment and teaching at the Sushant Golf City, Lucknow.

The Medicity is planned to be spread over 52 acres of land and to be completed in about 7 years. It will have an 800 bed ultra modern hospital along with teaching facilities. The Medical College is to offer undergraduate medical courses, specialized post graduate and post doctoral courses. The Dental College is to provide both undergraduate and post graduate dental education. The Nursing College in the Medicity will offer graduate, post graduate and post doctoral nursing education. Moreover, the Medicity will have a College of Physical Medicine and Rehabilitation, a College of Rehabilitative Medicine, and also a College of Allied Medical Science offering Para medical and technical training. There will also be a College of Pharmacy which will offer graduation, post graduation and doctoral education. The entire facility will be based on the norms set by Medical Council of India, Dental Council of India, Indian Nursing Council, Rehabilitation Council of India and Pharmacy Council of India.

The stock closed the day at Rs.310.20, down by Rs.12.65 or 3.92%. The stock hit an intraday high of Rs.326.50 and low of Rs.307. The total traded quantity was 561977 compared to 2 week average of 369755.

Source : Equity Bulls

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