A Week after ontario Teachers ‘Pension Plan Board (Ontario Teachers’) Announced Its Agreement to Sell Its Majority Stake in Sahyadri Hospitals Group (SAHYADRI) to Manipal Hospitals Corporation (PMC) on Wednesday Served a Notice to The Trust Running The Hospital In the City Seeking Documents of the Agreement with Manipal Hospitals, Mortgage of the Land with Any Finncial Institutions and Pervic. Administration for the purpose, citing the civic body hadsed its land to the hospital for 99 years on Certain Conditions.
PMC has sought seven days for the documents to be submitted.
Last week, the ontario teachers’ pension plant had announted that it was selling its majority stake in sahaadri hospitals to manipal hospitals. Sahyadri hospitals are ruun by the city-based konkan mitra mandal medical trust and the hospital in pune is located at karve road.
In its notice, Deputy Commissioner of PMC’s Land Estate Management Vasundhara Barve Said Said The PMC Had in 1998 Leased 1,976 SQ Metre Land at Erandwane on Karve Road to Kokan Mandal Mandal Medical Trast a LEASE AT A LEASE AT A LEASE AT A LEASE AT A LEASE AT A LEASE AT A LEASE AT A LEASE TASE A LEASE TASE A LEASE. Per year for 99 years and the agreement signed between the two was mandatory for bottom.
The trust had signed a memorandum of understanding with sahayadri hospital in 2006. Between PMC and the Trust was on the condition that one land on lease handover on lease, substance or in other way to anyone else the left land, a part of it, or any structure built. Land. Only Enter with another agency to the hospital to provide good facilities.
The PMC’s not said it was necessary to take the civic body’s permission before mortgagging or donating the land or any structure on it for the development of the hospital and can get sarty right on the Land.
“Thus, the Trust should submit with seven days a copy Any Financial Institution and the Permission of PMC for the purpose, “Said PMC.
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Manipal hospitals are backed by temasek, a Global Investment Company Headquartered in Singapore With a Net portfolio Value of $ 324 billion as on March 31, 2025.
Ontario Teachers’ Acquired a Majority Stake in Sahyadri in 2022 and, Since then, has supported its growth into one of India’s leading regional healthcare platforms. Sahyadri is one of Maharashtra’s large hospital chains, with 11 hospitals and over 1,400 beds.
Konkan Mitra Mandal Medical Trust Said, “The letter says submit the reply in seven days. We shall submit the reply with all necessary documents to the authorities.”
