Kovai Medical Center and Hospital Limited to purchase 1.11 acres land and building in Sholinganallur

The Board of directors of Kovai Medical Center and Hospital Limited at their meeting held on 18th March 2025, had considered and approved the Proposal for Purchase of Land and Building admeasuring to an extent of 1.11 acres situated in S.F.No.752/1, in Sholiganallur Village, Saidapet taluk, Chingelpetu District from M/s. MTL Instruments Private Limited.

The Proposed Purchase Price of not exceeding Rs. 60 crores (approximately USD 7 million) will be funded through Internal accruals and Bank Loans.

The board also approved proposal for entering into the Lease Agreement with MTL Instruments Private Limited, unrelated party.

Shares of KOVAI MEDICAL CENTER & HOSPITAL LTD. was last trading in BSE at Rs. 5330.40 as compared to the previous close of Rs. 5261.10. The total number of shares traded during the day was 11054 in over 3085 trades.

The stock hit an intraday high of Rs. 5440.00 and intraday low of 5290.00. The net turnover during the day was Rs. 59361277.00.

Source : Equity Bulls

Keywords

KOVAIMEDICALCENTERandHOSPITAL INE177F01017 HealthcareServices Land Building Purchase Sholinganallur