BOM:543654

Global Health Receives LOI for Medical College in Gurugram, India

Global Health (NSE:MEDANTA, BOM:543654) has received a letter of intent from Haryana's Medical Education & Research Department to establish a medical college at Medanta - The Medicity in Gurugram, Haryana, according to a Friday filing on Indian bourses.The proposed medical college will have an intake capacity of 150 MBBS seats, the filing said.Shares of the company rose nearly 1% in recent trade.

Jefferies Adjusts Global Health's Price Target to INR1,500 from INR1,440, Keeps at Buy