At 09:50 hours (IST), shares of Max Healthcare Institute were up 0.9% at Rs 356.20 on the National Stock Exchange.
In an exchange filing on Monday, Max Healthcare said it would further fortify its presence and expand its bed capacity in the NCR by adding two hospitals with 500 beds each in Gurugram.
The company’s board approved the plan in a meeting held on Monday.
The plan for expansion will be funded through internal accruals, borrowings and/or other modes permitted under applicable laws, Max Healthcare said.
Max Healthcare, which already runs a multi-speciality hospital in Gurugram, is currently one of the largest private-sector hospital chains in India on the basis of revenues. A bulk of its 17 facilities are concentrated in North India.