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Sahara to invest Rs2,000 cr in 2-3 yrs in healthcare sector

Sahara to invest Rs2,000 cr in 2-3 yrs in healthcare sector
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First Published: Thu, Feb 12 2009. 04 37 PM IST
Updated: Thu, Feb 12 2009. 04 37 PM IST
PTI
Lucknow: In line with its plan to foray in the healthcare sector, diversified business conglomerate, Sahara today said it will invest Rs2,000 crore in the next two-three years for setting up three super specialty hospitals in different parts of the country.
“The company will invest Rs 2,000 crore in the next two-three years for setting up three super specialty hospitals, one each in Lucknow and Gorakhpur in Uttar Pradesh and in Mumbai,” Sahara Prime City Head Infrastructure & Housing Sushanto Roy told PTI.
Real estate arm of the conglomerate , Sahara Prime City (SPC) Ltd will be responsible for its healthcare business.
SPC today announced the opening of the first 550-bed hospital of the group in Lucknow entailing an estimated investment of Rs500 crore.
Initially, the hospital would have of 250 beds which would be further increased to 550 beds in the next six months.
The company has raised the fund for its Lucknow hospital through a mix of debt and own corpus, and would follow the same for other hospitals too.
“The entire investment for our Lucknow hospital was done through a mix of own investments and debt from a consortium of three financial institutes. We would do the same of our other hospitals,” Roy said.
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First Published: Thu, Feb 12 2009. 04 37 PM IST