Fortis Healthcare Limited

Key Quantitative Figures

  • Hospital capacity: 400+ beds (to be operationalized in phases)
  • Loan amount: ₹567,00,00,000 (Indian Rupees Five Hundred Sixty Seven Crores only)
  • Agreement term: 29 years committed term with extension option
  • Implementation timeline: 3-4 years for commencement of operations
  • Land area: ~3.1 acres in Ashok Vihar, North-West Delhi

Dates of Action

  • Agreement signing date: September 16, 2026
  • Time of occurrence: 12:55 PM (IST)
  • Expected operations commencement: 2029-2030 (3-4 years from signing)

Parties Involved

  • Fortis Hospotel Limited (FHTL) - Wholly owned subsidiary of Fortis Healthcare Limited
  • Seth Sunder Lal Jain Charitable Eye Hospital (SLJ Society) - Society registered under Societies Registration Act, 1860 (Punjab Amendment)

Agreement Structure and Terms

Healthcare Services Agreement (HSA):

  • FHTL granted long-term exclusive rights to provide specified inpatient healthcare services
  • FHTL to provide specialized equipment (Cath Lab, LINAC, PET-CT, Surgical Robot, etc.)
  • FHTL to bring necessary clinical manpower for healthcare services
  • Service fee: Certain percentage of revenue generated by the hospital
  • Security deposit: FHTL provided interest-free refundable security deposit to SLJ Society

Loan Agreement:

  • FHTL to provide loan up to ₹567 crore to SLJ Society
  • Purpose: Construction, upgradation and operation of the hospital
  • Disbursement: Multiple tranches over 3-4 years based on construction progress
  • Security: SLJ Society created appropriate security in favor of FHTL
  • Interest: As per Loan Agreement terms (not specified in disclosure)

Hospital Development and Ownership

  • SLJ Society will own, operate and manage the hospital
  • SLJ Society will own and develop land, building, civil infrastructure and certain medical infrastructure
  • Location: Ashok Vihar, Delhi - 110052
  • Facility: State-of-the-art super specialty hospital

Medical Services and Specialties

The hospital will offer tertiary and quaternary healthcare services across:

  • Oncology
  • Neurosciences
  • Cardiac Sciences
  • Gastroenterology
  • Orthopaedics
  • Renal Sciences
  • Multi-specialty robotic surgeries
  • Transplants

Regulatory and Social Obligations

  • Will provide free inpatient and outpatient treatment to eligible EWS (Economically Weaker Sections) category patients

Strategic Rationale

  • Strengthens healthcare access in North-West Delhi, an underserved micro-market
  • Serves dense residential population catchment area
  • Expands Fortis' services to over 3,400 beds across Delhi-NCR region
  • Leverages clinical expertise and healthcare capabilities through strategic collaboration

Related Party Status

The transaction is not a related party transaction. No promoter/promoter group/group companies have any interest in the entity.

Financial Impact

Financial impact not fully quantified in the disclosure beyond the loan amount and service fee arrangement.

Capital Structure Impact

No direct impact on Fortis Healthcare's capital structure disclosed. The transaction is executed through wholly-owned subsidiary FHTL.

Management Commentary

Dr Ashutosh Raghuvanshi, MD & CEO stated: \"The signing marks an important collaboration aimed at enhancing access to quality healthcare in North-West Delhi. Under this arrangement, the hospital will be owned, operated and managed by SLJ Society, with Fortis providing healthcare services pursuant to the agreement.\"