Business Update23 Sept 2024, 11:14 pm
Family Care Hospitals Ltd Withdraws Plan to Acquire Hospital Premises from Dealmoney Real Estate Private Limited
AI Summary
Family Care Hospitals Ltd has decided to withdraw its plan of acquiring hospital property from M/s. Dealmoney Real Estate Private Limited at Mira Road, Thane. The decision was made during the Board Meeting dated September 23, 2024. The company cited recent corporate developments such as the Notice of Termination of Operations and Management Agreement, and the Sales return of discount coupons to M/s. Dealmoney Distribution and E- Marketing Private Limited as reasons for the withdrawal. The withdrawal will result in a monetary impact of approximately Rs. 9.08 Crores.
Key Highlights
- Family Care Hospitals Ltd withdraws its plan of acquiring hospital property from M/s. Dealmoney Real Estate Private Limited
- Withdrawal due to recent corporate developments
- Includes Notice of Termination of Operations and Management Agreement
- Also includes Sales return of discount coupons to M/s. Dealmoney Distribution and E- Marketing Private Limited
- Monetary impact of approximately Rs. 9.08 Crores