September 6, 2007

DLF, Fortis to invest Rs 3,000cr for 15 hospitals

Real estate giant DLF and Ranbaxy promoter group company Fortis Healthcare have entered into an agreement to set up 15 hospitals at an investment of Rs 3,000 crore.

DLF and Fortis have signed an alliance agreement to develop about 15 'Centre of Excellence' hospitals in townships being developed by DLF in the first five years, industry sources said.


Under the agreement, the two companies could form a joint venture for the hospital projects. The healthcare firm may hold 74% stake, while the rest would lie with the realty major.

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