Shalby share jumps 6% after securing 30-year lease for Asha Parekh Hospital in Santacruz, Mumbai

Shalby Ltd.’s shares jumped over 6% to an intraday high of ₹303.4 on the BSE, following the announcement of a 30-year lease for the Asha Parekh Hospital in Santacruz, Mumbai.

The company notified the exchanges in a filing on Wednesday that its November 2023 application had been accepted by the Charity Commissioner, Mumbai.

Shalby was given a 30-year lease by the Charity Commissioner on the Asha Parekh Hospital’s immovable property in Santacruz. Asha Parekh Hospital is also called Smt. Bhikhubai Chandulal Jalundwala General Hospital (BCJ).

Shalby stated that the Charity Commissioner’s order will allow it to extend its horizon in Santacruz, Mumbai. The multispecialty hospital chain revealed plans to build a new healthcare centre with a capacity of 175 beds or more.

As of 12:56 pm, Shalby shares were trading 5.29% higher at ₹300.45.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.