Status: Planning Stage
Promoter: Rainbow Hospitals
Project: Planning to construct the 100 beds ‘Rainbow Hospital’
Location: Jayanagar in Bangalore, Karnataka
Cost: The estimated cost of the project is Rs. 1 billion inclusive of a new hospital at Whitefield, Bangalore.
Project Details: The hospital will offer child & pregnancy care. The project is under company’s discussion. Work on the project is expected to commence in April 2015. According to media reports, the group received investment of Rs. 1 billion from the UK development finance institution CDC and the Abraaj group about a year ago. Besides utilising internal accruals, the company will go for debt of Rs. 600-700 million to fund the expansion plan The company is also constructing a hospital at Whitefield (Bangalore) & planning to construct hospitals in Hyderabad, Visakhapatnam & Chennai..