DLF’s newly planned foray into hospitals failed to cheer investors as the company’s stock continued to drop in value through Friday.
What Happened? Global Health Limited and real estate giant DLF Group are teaming up to launch a 400-bed multi-super speciality hospital in Delhi’s heart. Both companies will equally share the equity in this new venture.
While DLF acts as a strategic investor, Global Health Limited, under its Medanta brand, will manage and operate the hospital.
The upcoming hospital promises advanced medical and surgical treatments in over 20 super-specialities. These include cardiac sciences, neurosciences, and organ transplants. A standout feature will be its Comprehensive Cancer Care unit, providing all-inclusive oncology treatments.
This addition bolsters Medanta’s footprint in Delhi NCR. The brand aims to integrate its Gurugram, Noida, and Delhi facilities, connecting its flagship 1,391-bed Gurugram hospital and the soon-to-open 550-bed Noida facility with this new South Delhi establishment.
Price Action: DLF Ltd. shares were trading 1.03% lower at ₹485.60 on Friday afternoon.
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