Unihealth Hospitals Acquires 49.81% Stake in Ugandan entity Victoria Hospital Limited

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/-.

The transaction details confirm the following:

• Acquired Stake: 49.81% shareholding of Victoria Hospital Limited.
• Shares Acquired: 255,544 fully paid-up ordinary shares of VHL.
• Share Face Value (VHL): UGX 100,000 (INR 2,495.10/-).
• Acquisition Price (per share): UGX 1,02,000 (Rs. 2,545.10/-).

A Valuation Report dated July 3, 2026, issued by a Registered Valuer determined the fair value of Unihealth's equity shares in connection with the preferential allotment at Rs. 520.31 per share.

Strategic Significance and Background​

The acquisition is intended to strengthen Unihealth’s international healthcare platform by increasing ownership in one of its key overseas businesses, Victoria Hospital Limited. VHL operates advanced tertiary care services across multiple medical specialties, including General Medicine, Surgery, Orthopedics & Spine, Neurology, Obstetrics & Gynecology, Pediatrics & Neonatology, and Oncology.

The transaction aims to achieve complete strategic alignment of VHL with Unihealth shareholders, simplifying the Group's ownership structure and improving operational integration between the Indian and East African businesses. The company anticipates that this acquisition will be materially earnings accretive for its shareholders.

Financial Overview of Victoria Hospital Limited​

The financial standing of Victoria Hospital Limited across three financial years is summarized below:


The acquisition is set to be completed by the end of the financial year, March 31, 2027, subject to the terms and conditions of the Share Purchase cum Shareholder's Agreement (SPSHA). Unihealth Hospitals Limited also announced that its Annual General Meeting (AGM) will be held on July 28, 2026.

UNIHEALTH Stock Price Movement​

Today, shares of Unihealth Hospitals Limited edged higher, closing at ₹624.65 after gaining 1.21% in trading. The stock saw total volume reach 16,000 shares, driven by the equity having previously achieved a significant high of ₹656, marking its 52-week peak.