New Launch1 Sept 2025, 08:14 pm
Fortis Healthcare Ltd Sub-Leases Hospital Land, Building, and Equipment to International Hospital Limited
AI Summary
Fortis Healthcare Ltd, through its wholly owned subsidiary International Hospital Limited (IHL), has executed a sub-lease agreement with R.R. Lifesciences Pvt Ltd for the hospital land, building, and equipment situated at Gautam Buddha Nagar, Greater Noida. The sub-lease agreement is for a period of 15 years, with a monthly rent of Rs. 2.40 Cr plus applicable GST, subject to periodical escalation and other terms of the agreement. A refundable security deposit of INR 60 crore will also be provided by IHL to RR. Lifesciences Pvt Ltd. The Company expects to ramp up the facility quickly and drive synergies due to its existing facilities in the region.
Key Highlights
- Fortis Healthcare Ltd sub-leases hospital land, building, and equipment to International Hospital Limited
- Sub-lease agreement executed with R.R. Lifesciences Pvt Ltd for a period of 15 years
- Monthly rent of Rs. 2.40 Cr plus applicable GST, subject to periodical escalation
- Refundable security deposit of INR 60 crore provided by IHL to RR. Lifesciences Pvt Ltd
- Facility located in an attractive catchment area, enabling Fortis to expand its presence in the Delhi-NCR region