Max Healthcare Institute on Wednesday said its board has approved to enter into a long-term service agreement with Bharat Prakritik Chikitsa Mission, a society which is setting up a 200-bedded hospital in Pitampura. The construction of the hospital premises is expected to be completed within the next 3-4 years, the healthcare provider said in a regulatory filing.
The company shall provide an interest-free, refundable deposit linked to construction milestones as a guarantee against its performance obligations under the agreement, once the hospital is ready for commissioning.
Shares of Max Healthcare Institute ended 0.29% higher at Rs 986.50 apiece on the BSE.
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