Park Medi World Limited has announced the formation of a new step-down subsidiary to expand its footprint in the healthcare services sector. The development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The proposed entity, to be named “Healplus Medical Services Private Limited” or “Healplus Healthcare Private Limited,” will be incorporated in India, subject to approval from the Ministry of Corporate Affairs. The subsidiary will operate under Park Medicenters & Institutions Private Limited, making it a step-down subsidiary of the listed company.
The new entity will focus on healthcare and allied services, aligning with the group's broader strategy to deepen its presence across medical and support service verticals. The incorporation will be funded through a cash consideration of ₹0.01 crore by Park Medicenters & Institutions Private Limited, along with its nominee.
Currently, Park Medi World Limited holds an 81.81% equity stake in Park Medicenters & Institutions Private Limited, ensuring effective control over the newly proposed subsidiary.
The company clarified that no specific governmental or regulatory approvals are required for the incorporation process. This strategic initiative reflects the company's continued focus on scaling its healthcare operations and tapping emerging opportunities in India's growing healthcare ecosystem.
The announcement has also been made available on the company's official website for stakeholder reference.
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