Reliance & Capri Global Join Hands to Acquire Mumbai’s SevenHills Hospital

Capri Global submitted the bid for the 1,500‑bed hospital with equity support from Reliance Strategic Business Ventures, a unit of Reliance Industries.

Capri Global Holdings and Reliance Industries (RIL) have announced a partnership to acquire SevenHills Hospital, a major healthcare facility in suburban Mumbai, following the National Company Law Tribunal (NCLT) approved a resolution plan under the Corporate Insolvency Resolution Process (CIRP).

Under the approved resolution plan, Capri Global submitted the bid for the 1,500‑bed hospital with equity support from Reliance Strategic Business Ventures, a unit of Reliance Industries.

The plan, which received regulatory approval, aims to bring an end to almost eight years of insolvency proceedings associated with the hospital’s financial distress.

Further, the acquisition will be carried out through a multi‑step scheme of arrangement, with Capri Global and Reliance jointly infusing capital potentially via equity, quasi‑equity, or shareholder debt. Upon closing, both entities are expected to hold equal ownership stakes in the hospital.

Reportedly, upon the completion of the acquisition, the hospital is planned to be converted into a not‑for‑profit entity under the Reliance Foundation Hospital Trust, with surplus funds expected to be reinvested into healthcare services and infrastructure.

Moreover, under the approved resolution plan, secured creditors are set to recover about INR 449 crore, or roughly 40% of their admitted claims.

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