Shalby Limited to complete the transaction for Gurugram Hospital

Shalby Limited, India's leading multi-specialty hospital, has announced a strategic investment in Healers Hospital Private Limited (Healers Hospital) with an acquisition of 100% equity stake for a consideration of Rs 104 Cr (approx). This equity stake will be acquired within a period of one month, through secondary buy-outs.

This investment is in continuation with Shalby's strategy to consolidate asset base for its recent acquisition of Sanar International Hospital (P K Healthcare Pvt Ltd.) at Gurugram.

Sanar International Hospital is currently operating under leased land held by Healers Hospital. With this acquisition, Shalby has changed its business model from Leased model to wned model for its recent acquisition of Sanar International Hospital in Jan 2024.

With this acquisition, Shalby will unlock the consolidated profitability of the group to the tune of leased rentals expense, ensure the lifelong continuity of Sanar Hospital at owned land model and also unlock the future value of asset being present at a prime location i.e. Golf Course Road, Gurugram.

We strongly believe that with Shalby's acquisition, we are confident to unlock value for all stakeholders and shareholders".

Shares of Shalby Limited was last trading in BSE at Rs. 230.20 as compared to the previous close of Rs. 238.95. The total number of shares traded during the day was 28731 in over 1368 trades.

The stock hit an intraday high of Rs. 244.95 and intraday low of 228.80. The net turnover during the day was Rs. 6751804.00.

Source : Equity Bulls

Keywords

Shalby INE597J01018 Acquisition HealersHospital