Mumbai, May 7 -- The proposed hospital will have an estimated bed capacity of approximately 430 beds. The company would install 300 beds by FY27 and the remaining 130 beds by FY29.

The aforementioned lease agreement is with BREN Corporation and 5 other landowners. The agreement is for a period of 30 years from lease commencement date. It has a lock-in period of 30 years for the lessor and 12 years for the lessee.

The company shall be obliged to pay rent based on per square feet of chargeable area plus applicable taxes. It would also be required to make an interest free refundable security deposit of Rs 58.65 crore.

The project would entail an investment of Rs 480 crore and would be funded using bank loans and internal accruals.

Offeri...