Reliance and Capri Global acquire SevenHills Hospital
pre-market1 source ↓written by the desknot a recommendation
- following
- 1,500-bed SevenHills Hospital
- settlement
- ₹223.4 cr
- creditors to get
- ₹6 cr
Reliance Industries and Capri Global Holdings are set to acquire Mumbai's 1,500-bed SevenHills Hospital following a corporate insolvency resolution. The National Company Law Tribunal approved the plan, ensuring secured creditors receive ₹449 cr. This acquisition marks the end of an eight-year impasse in the hospital's ownership.
• Reliance will provide equity support for the takeover.
• MCGM to receive ₹223.4 cr settlement.
• Employees and operational creditors to get ₹6 cr.
This move may enhance Reliance's healthcare portfolio and improve operational efficiencies.
Not investment advice. For informational purposes only.