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Naresh Trehan’s Global Health Raises Rs 500 Crore Debt

09 July, 2009

Medanta, the Gurgaon-based Medicity Super specialty tertiary care hospital, promoted by noted cardiac surgeon Dr. Naresh Trehan, has achieved the financial closure of a Rs 500 crore project finance. Yes Bank was the sole underwriter and mandated lead arranger for Rs 500 crore of debt. Medanta is owned by Global Health Pvt Ltd.

Four PSU Banks – Allahabad Bank, Dena Bank, Punjab & Sind Bank and State Bank of Hyderabad – and Yes Bank have participated in the debt syndication, which was completed within 60 days of its launch.

The project envisages construction of a 1,250 bed facility in Gurgaon at a total cost of Rs 932 crore to be funded at a debt-equity ratio of 1:10. The hospital is at an advanced stage of completion, which is expected to commence operations from October 1, 2009.

Dr Trehan holds 54.84% in Global Health while construction firm Punj Lloyd owns 17.2% and Avenue Capital holds 27.96%.

 


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3 Comments
sucheta ghosh . 6 years ago

This is really a great achievement for Dr.Naresh Trehan as well as India too for having a super specialty tertiary care hospital promoted by doctors.

I would really like to serve in this hospital.

Please guide me what to do?

Thanks

Savita Sinha . 6 years ago

Indeed it is a matter of pride for the nation and for the citizens of Gurgaon in particular for this hospital to have come up! I would like to provide my services to the hospital in an Administrative role. Please guide. Thank you.

Dr. Inder Pawar . 6 years ago

Congrats to Dr. Naresh Trehan who keep india shining through their visionary perception . Well i am an experienced orthopaedic surgeon with 15 years post M.S,want to work in association with senior faculty , if given a chance to prove myself.

Naresh Trehan’s Global Health Raises Rs 500 Crore Debt

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