The construction of the hospital began in April 2023 and will be spread across 600,000 sq. It is currently in the process of developing a multispecialty hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds. Jupiter Hospitals has a strategic focus on the Western India healthcare market. It currently operates in Thane, Pune, and Indore under the Jupiter brand. The hospital began as a single hospital in Thane in 2007 and has been operating for over 15 years as a corporate quaternary care healthcare service provider in the western regions of India. Other selling shareholders include Nitin Thakker, Anuradha Ramesh Modi, Bhaskar P Shah, Rajeshwari Capital Market, Vadapatra Sayee Raghavan, Sangeeta Ravat jointly with Hasmukh Ravat among others. Under the OFS, Devang Vasantlal Gandhi will offload up to 1.25 million equity shares, Devang Gandhi jointly with Neeta Gandhi will sell 9 lakh equity shares. The issue comprises a fresh equity of Rs 542 crore and an offer for sale (OFS) of 4.45 million equity shares.
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