Unihealth Hospitals Acquires 49.81% Stake in Ugandan entity Victoria Hospital Limited
Unihealth Hospitals Limited has finalized the acquisition of a significant stake in Victoria Hospital Limited (VHL), a healthcare provider in Uganda, through a share swap arrangement. The transaction involves issuing equity shares to Mr. Bhaskar Kotecha and Dr. Chirag Kotecha, resulting in Unihealth obtaining 49.81% of VHL on a fully diluted basis.The acquisition was executed by issuing up to 1,250,000 fully paid-up equity shares of Unihealth Hospitals Limited to the proposed allottees for consideration other than cash. The cost of acquisition for 255,544 ordinary shares of VHL from Mr. Bhaskar Kotecha and Dr. Chirag Kotecha is Rs. 65,03,86,250/-...