Narayana Hrudayalaya Ltd. has informed the Exchange about Incorporation of a wholly-owned subsidiary by a step-down subsidiary of the company in the United Kingdom
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Narayana Hrudayalaya Ltd. has informed the exchanges that its UK-based step-down subsidiary, Narayana Hrudayalaya UK Ltd, has incorporated a new wholly-owned company called Practice Plus Group Property Ltd in the United Kingdom on March 11, 2026. The new entity has a paid-up share capital of GBP 1,000 and belongs to the real estate/property sector. Its purpose is to acquire, hold, develop, and maintain hospital land and buildings in the UK, which will be leased back exclusively to the group's hospital operating entities — a common Opco/Propco structure that separates property ownership from hospital operations. The promoters and group companies have no direct interest in the transaction, no regulatory approvals are needed, and 100% of the share capital is held by Narayana Hrudayalaya UK Ltd through a cash subscription.
This is a small, routine corporate restructuring step to streamline UK hospital infrastructure under a separate property entity rather than a material acquisition or capital deployment. It should not have a direct impact on the stock price but signals continued focus on the UK hospital business and a shift toward an Opco/Propco model for better asset management.