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Religare Health Trust Acquires New Land For Expansion In Punjab

Shares Investment

Religare Health Trust (RHT) announced that its wholly-owned subsidiary, International Hospital, was successful in its bid for a freehold piece of land in Punjab, India with a bid price equivalent to $15.7 million.

The approximately 5.1 acres of land, designated for hospital use offered by the Greater Mohali Area Development Authority, adjoins the Mohali Clinical Establishment currently owned by RHT.

The acquisition of the land will enable RHT to expand the Mohali Clinical Establishment with a new block and cater for up to an additional 500 beds.



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