Sri Sainatha Multispecialty Hospitals Private Limited, a wholly owned subsidiary of Aster DM Healthcare Limited has entered into Lease Agreement with Aparna Constructions and Estates Private Limited on September 22, 2024 for setting up new Aster Woman and Children Hospital in Hyderabad.
The Company shall be obliged to pay rent based on per sq. ft. of chargeable area plus applicable taxes. Further, the Company shall pay an interest free refundable security deposit of INR 9.70 crores.
The company plans to add 275-300 beds in 2 phases at an outlay of Rs. 220 Cr which will be funded through Bank and Internal Accruals.
Establishing a new Women & Child hospital in Hyderabad offers a strategic opportunity to address the growing healthcare needs of a rapidly expanding population, driven by urbanization and an increasing middle class with greater disposable income. As a recognized healthcare hub, Hyderabad draws patients from across the region, making it an ideal location for specialized maternal and pediatric care. The proposed project is situated in a catchment area with a predominantly young migrant population, which further increases the demand for comprehensive women's and children's healthcare services. With limited options for full-fledged Women & Child hospitals offering high-end super-specialty services, this project is well-positioned to serve an essential market need while capitalizing on the city's robust infrastructure and medical tourism potential.
Shares of Aster DM Healthcare Limited was last trading in BSE at Rs. 418.45 as compared to the previous close of Rs. 420.65. The total number of shares traded during the day was 76539 in over 2706 trades.
The stock hit an intraday high of Rs. 438.45 and intraday low of 410.75. The net turnover during the day was Rs. 32393708.00. |
