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Narayana Hrudayalaya Forms Wholly Owned Subsidiary to Drive Northern India Expansion

Story Highlights
  • Narayana Hrudayalaya has formed Narayana Healthcare North Private Limited as a wholly owned subsidiary.
  • The new unit will focus on hospital and healthcare services to strengthen Narayana’s presence in northern India.
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Narayana Hrudayalaya Forms Wholly Owned Subsidiary to Drive Northern India Expansion

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Narayana Hrudayalaya Ltd. ( (IN:NH) ) just unveiled an update.

Narayana Hrudayalaya Ltd. has incorporated a new wholly owned subsidiary, Narayana Healthcare North Private Limited, with an authorised capital of Rs 10 lakh and paid-up capital of Rs 5 lakh, to operate in the hospital and healthcare sector. The subsidiary has been set up to carry on healthcare services, including hospital operations and health and wellness management, and is intended to serve as a focused vehicle to deepen and optimize the company’s growing presence in northern India, potentially strengthening its regional positioning and operational focus in that market.

More about Narayana Hrudayalaya Ltd.

Narayana Hrudayalaya Ltd. is a hospital and healthcare company operating in India, focused on providing healthcare services through hospitals and health and wellness management facilities, with an expanding presence in the northern region of the country.

Average Trading Volume: 54,771

Technical Sentiment Signal: Buy

Current Market Cap: 397.6B INR

For a thorough assessment of NH stock, go to TipRanks’ Stock Analysis page.

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