Shalby Stock Rises 3% Following Strategic Investment Announcement in PK Healthcare

19 Jan 2024 , 10:57 AM

Early on January 19, Shalby’s stock price increased by around 3% due to the company’s intention to purchase the bulk of Sanar International Hospitals in Gurugram (PK Healthcare Private Limited).

Shalby was quoting Rs 308.75 at 10:55 a.m. on the BSE, up Rs 4.95, or 1.61%.

‘The business has declared a strategic investment in PK Healthcare Pvt Ltd, purchasing an approximate 87.26% equity share for Rs 102 crore. The business stated in its exchange notification that this equity share will be acquired through primary infusion and secondary buy-outs within a month.

The hospital is situated in Gurugram’s most desirable area on Golf Course Road. with a 1.27-acre plot of land that is leased for an extended period of time. It further stated that with additional capital expenditures, the facility’s existing capacity of 130 beds may be increased to 180 beds.

This acquisition will not require any government or regulatory clearances.

Sanar foreign Hospitals serves its patients’ needs through seven representative offices in the Middle East, Africa, the CIS, SAARC, and other foreign regions. It also maintains several partnerships with different healthcare facilities around the world.

‘Delhi/NCR’s P K Healthcare Pvt Ltd is an interesting and worthwhile chance to make a significant impact in the international markets and the northern area. Vikram Shah, Chairman of Shalby, stated that the hospital has quickly gained recognition in both domestic and foreign markets thanks to its top-notch infrastructure, skilled medical staff, and paramedical team.

At the Vibrant Gujarat Global Summit 2024, the corporation announced on January 11 that Shalby Academy, a part of the government of Gujarat, has signed a memorandum of understanding with Kaushalya, The Skill University.

Particularly, Shalby Academy will provide certificate, diploma, and post-graduate diploma programs with an emphasis on allied health science and clinical paramedical segments.

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