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Narayana Hrudayalaya gains on incorporating wholly owned subsidiary company

Narayana Hrudayalaya is currently trading at Rs. 218.30, up by 1.40 points or 0.65% from its previous closing of Rs. 216.90 on the BSE. The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 218.30 and Rs. 218.00 respectively.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 289.00 on 07-May-2018 and a 52 week low of Rs. 182.00 on 30-Jan-2019.

Last one week high and low of the scrip stood at Rs. 220.45 and Rs. 212.95 respectively. The current market cap of the company is Rs. 4455.07 crore.

The promoters holding in the company stood at 63.85%, while Institutions and Non-Institutions held 28.87% and 7.28% respectively.

Narayana Hrudayalaya has incorporated a wholly owned subsidiary — ‘Narayana Health North America LLC’ in the State of Delaware, US on April 09, 2019 (Certificate of Formation of the LLC received by the Company on April 11, 2019). The Company was incorporated to provide consultancy services in the Healthcare sector.

The company will set up a Business Process and Technology Consultancy business in US. This Company would utilize NH’s processes, protocols and technology with the aim to improve operational efficiencies to ensure a better healthcare delivery experience for all stakeholders.

Narayana Hrudayalaya is one of the leading private healthcare service providers in India, operating a chain of multispecialty, tertiary and primary healthcare facilities.

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