Announced Thu, 2 Apr · 18:11 IST
Board approves new multi-speciality hospital in Dwarka, New Delhi
Capex & Operations View source PDF
APOLLOHOSP · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹7299.00
prior close
₹7350.00
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary
Board approved setting up a multi-speciality hospital at Dwarka, New Delhi on a 9.33-acre land parcel leased from the Delhi Development Authority (DDA) for 55 years. The super-specialty hospital with allied healthcare services will be developed in phases through a Special Purpose Vehicle (SPV). The formal licence agreement is to be executed within one year. Annual licence fee of Rs. 33.3 crore starts from the fifth year, with annual escalations thereafter.
Likely market impact
Expands Apollo's footprint in Delhi NCR via a new greenfield hospital. Phased rollout eases capex burden; licence fee payments only begin from year 5.