Narayana Hrudayalaya announced the incorporation of a new wholly-owned step-down subsidiary, Practice Plus Group Property Ltd, in the United Kingdom on March 11, 2026. This entity, owned by Narayana Hrudayalaya UK Ltd, is established with a paid-up capital of GBP 1,000. Its primary objective is to acquire, hold, and maintain immovable hospital infrastructure in the UK, supporting the Group’s ‘Opco / Propco’ operational structure.
Establishment of New UK Subsidiary
Narayana Hrudayalaya Limited has formalized the incorporation of a new overseas subsidiary, Practice Plus Group Property Ltd, in the United Kingdom. The incorporation date was March 11, 2026.
This new entity is a wholly-owned step-down subsidiary of Narayana Hrudayalaya UK Ltd, which itself is a wholly-owned overseas subsidiary of the Company. The paid-up share capital subscribed was GBP 1,000 ordinary shares, each with a nominal value of GBP 1. The company acquired 100% of the share capital via cash subscription.
Business Objective and Structure
The primary business of the newly incorporated subsidiary falls under the Real Estate / Property industry segment. Its objects are to acquire, hold, develop and maintain immoveable infrastructure (land & building) hospital facilities within the United Kingdom.
These facilities are intended for exclusive captive use by the Group’s hospital operating entities in the UK, aligning with the structure commonly referred to as the Opco / Propco model. Since the company is newly incorporated and has not yet commenced business operations, there is no turnover information available for the last three years.
Related Party Disclosure
The transaction involving the incorporation is structured such that the subsidiary is a related party of the Company through the ownership chain. However, the disclosure confirms that the promoter / promoter group / group companies are not interested in this specific transaction, which was executed at an ‘arm’s length’ basis.
No governmental or regulatory approvals beyond standard incorporation procedures were required for this action.
Source: BSE
