India, July 17 -- The Pune Municipal Corporation (PMC) on Wednesday served notice to the Konkan Mitra Mandal Medical Trust, which operates Sahyadri Hospital, seeking clarification regarding the lease terms of a prime land parcel in Erandwane and its reported transfer to the Manipal Hospitals Group. The move comes a day after the Manipal Hospitals Group announced its acquisition of Sahyadri Hospital from global investor, Ontario Teachers' Pension Plan Board, in a deal valued at around Rs.6,400 crore.

Whereas the said land parcel admeasuring 1,976 square metres was leased to the Konkan Mitra Mandal Medical Trust for 99 years under a registered agreement dated February 27, 1998. The land was allotted for a premium of Rs.53.35 lakh, with an ...