Mumbai, Sept. 9 -- The subsidiary will operate in the healthcare sector and undertake the development and operation of the hospital, which has been awarded to the company under the Public-Private Partnership (PPP) model by the Prayagraj Municipal Corporation, Uttar Pradesh.

Park Medi World will infuse Rs 0.15 crore into the subsidiary through the subscription of 1,50,000 equity shares of face value Rs 10 each. The company, along with its nominees, will hold 100% of the equity share capital of the subsidiary.

Park Group of Hospitals is North India's largest hospital chain, currently operating 17 hospitals. offers a comprehensive range of clinical services-spanning super-specialities such as cardiology, neurology, oncology, orthopaedics, ...