Jubilant sells hospital business to Narayana Health.

Jubilant First Trust Healthcare, a wholly-owned subsidiary of Jubilant Life Sciences, has sold its hospital business to Bangalore-based Narayana Health for an undisclosed amount.

Jubilant First Trust Healthcare operates two hospitals in West Bengal-- Kalpataru in Barasat and Rabindranath Thakur in Berhampore.

'The business has been transferred on a going concern basis as a slump sale which will enable Jubilant Life Sciences to focus on its core businesses in pharmaceuticals and life sciences,' it said in a statement.

BS