Sunday, February 17, 2008

PTL shareholders approve stock-split proposal

PTL shareholders approve stock-split proposal
16 Feb, 2008, 2125 hrs IST, PTI

NEW DELHI: PTL Enterprises Ltd, holding company of healthcare firm Artemis Health Sciences, on Saturday said its shareholders have approved the proposed stock-split in the company in the ratio of 1:5.

The company has proposed a stock-split in the ratio of 1:5 under which an equity share with face value of Rs 10 each would be split into five stocks of face value Rs 2 each, PTL said in a statement.

PTL has set March 3 as the record date for the proposed stock-split.

Haryana Chief Minister Bhupinder Singh Hooda today inaugurated the company's multi-speciality hospital Artemis Health Institute (AHI) located at Gurgaon near here.

"We have to make quality healthcare accessible and affordable to every citizen in this country. The public and private insurance companies must interact with hospitals like this, to come out with an economic and sustainable model," Hooda said.

AHI, Gurgaon is Artemis Health Sciences' first super speciality hospital where it intends to have 260 beds during the first phase. The company plans to double the number of beds to 550 over the next few months.

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