Rainbow Childrens to add 100-bed hospital in Mumbai, project cost Rs 90 Cr
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Rainbow Childrens Medicare will set up a 100-bed children and women's hospital in Malad, Mumbai through subsidiary RWCHPL, costing about Rs 90 Crore (Rs 68.4 Cr from Rainbow via internal accruals). Doctor group Fountainhead TCHM Healthcare LLP will take 24% in RWCHPL; Rainbow keeps 76% and control. Current capacity: 2,435 beds at 46.3% use. Hospital due by Q1 FY28, part of Maharashtra hub-and-spoke plan.
Expansion into Mumbai strengthens Western India presence; Rs 90 Cr spend is sizeable but funded internally with no equity dilution at parent level.