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Tata Group has plans to strengthen its operations in healthcare with a Rs 500-crore contribution to Mumbai's Breach Candy Hospital.
The move aims to bring the 275-bed multi-speciality South Bombay hospital under Tata Group's influence.
According to a Times of India report, the contribution will make the conglomerate the hospital's largest financial backer, which will allow it to add three representatives to the current 14-member board of trustees.
The funds are likely to boost infrastructure and technical enhancements at the hospital, which has traditionally been favoured by the wealthy, particularly those with 'old money'.
N Chandrasekaran, the group's chairman, will succeed prominent banker Deepak Parekh as chairman of Breach Candy Hospital Trust from October 1, 2025, and Parekh will continue as trustee.
As per the report, the hospital's name will be retained, but the Tata brand will be inserted, with one option being “Breach Candy, a Tata Sons associate”.
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