HealthCare Global Enterprises Completes Acquisition of Additional Shares in Vizag Hospital
HealthCare Global Enterprises Limited (the Company) has completed the acquisition of additional equity shares in Vizag Hospital and Cancer Research Centre Private Limited (Vizag Hospital). The purchase was executed from the Selling Shareholders and significantly increased the Company’s stake in the hospital group.The Company successfully acquired an additional 1,93,441 equity shares, which represent a 34% equity share capital of Vizag Hospital. The total aggregate purchase consideration for this stake was INR 154,50,17,135.82.
Key details of the acquisition are summarized below:
| Parameter | Detail |
|---|---|
| Shares Acquired | 1,93,441 |
| Percentage Stake Acquired | 34% |
| Total Consideration | INR 154,50,17,135.82 |
| Resulting Aggregate Stake | 85% |
This latest acquisition concludes a subsequent stage of the planned transaction, strengthening HealthCare Global Enterprises Limited's holding in Vizag Hospital. With this purchase, the Company now holds an aggregate of 85% equity share capital of Vizag Hospital.
HCG Stock Price Movement
Healthcare Global Enterprises Limited shares today slipped by 1.11% to settle at ₹550.65. The stock settled on a volume of 63,449 shares, reflecting a decline from the previous close of ₹558.2.Source:
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