ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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New Era Urban Amenities

IN THE CAPITAL MARKET Tamilnad Hospital TAMILNAD HOSPITAL (TNH) is setting up a 600-bed tertiary care hospital on a 46 acre plot at Perumbakkam, 20 kms from the heart of Madras, at an estimated capital outlay of Rs 2,241 lakh. TNH is being equipped with some of the most advanced medical equipment like the 3-dimcnsional CT scan, one of the most powerful linear accelerators used for precise cancer treatment, a mammography machine, a DSA coupled with Cath Lab, to name a few. lb finance in part its project, TNH, promoted by C P Velusami, is entering the capital market with a public issue of 29,00,000 equity shares of Rs 10 each at par on January 28. Of this, only 15,20,000 shares are being offered to the Indian public, 10,00,000 shares have been earmarked for NRIs and the reminder for the employees of the company. The issue offers two additional benefits to in- vestors: (i) A 10 per cent health care coupon which can be encashed to meet 50 per cent of the medical and treatment expenses incurred at the hospital and/or for paying 50 per cent of the premia on insurance policy taken at the hospital, subject to a maximum of 10 per cent; and (ii) free insurance cover to all shareholders for personal accident. According to Velusami, chairman and managing director, civil work is nearing completion to accommodate 100 beds in a few weeks, and the hospital will be fully operational with 200 beds (1 Phase) by April 1991. Revenue generation has commenced with the opening of the city centre at Adayar and medical arts building (out-patient ward) at the hospital. The city centre is proposed to be used as one of the pickup centres for patients once the hospital is fully operational. The city centre also houses a 24-hour pharmacy. The estimated figures of income are Rs 833 lalk at 50 per cent occupancy in 1991-92, Rs 1,148 lakh at 65 per cent in 1992-93 and Rs 1,413 lakh at 80 per cent in

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