Unihealth Hospitals Approves Acquisition of Uganda Company Shares, Increases Share Capital
Unihealth Hospitals Limited, formerly known as Unihealth Consultancy Limited, announced key corporate actions following its Board meeting held on June 15, 2026. The board approved initiatives spanning strategic acquisitions and a significant increase in the company's Authorized Share Capital (ASC).The management reviewed several matters, including a proposed stake acquisition of Victoria Hospital Limited, a company based in Uganda. Unihealth plans to acquire ordinary shares of Victoria Hospital Limited from Mr. Bhasker Kotecha and Dr. Chirag Jagdish Kotecha. This acquisition will be facilitated through a share-swap arrangement, where the company will issue equity shares to the Sellers. The final terms and conditions for this transaction, including the specific exchange ratio, are set to be determined based on forthcoming valuation reports.
Additionally, the Board approved the conversion of a loan amount into ordinary shares of Victoria Hospital Limited in Uganda. The Managing Director has been authorized to finalize all necessary terms and conditions related to this conversion.
Authorized Share Capital Expansion Details
Unihealth Hospitals also sanctioned an expansion of its Authorized Share Capital (ASC). This capital increase involves creating 3,000,000 additional Equity Shares at a face value of Rs 10 each. The revised authorized share capital details are presented below:| Detail | Original ASC | Proposed New ASC |
|---|---|---|
| Authorized Capital Amount | Rs 20,00,00,000 (Rupees Twenty Crores Only) | Rs 20,00,00,000 (Rupees Twenty Crores Only) |
| Number of Equity Shares | 2,00,00,000 (Two Crores) | 2,00,00,000 (Two Crores) |
| Face Value per Share | Rs 10 | Rs 10 |
The increase in the authorized share capital is subject to subsequent approval by the shareholders and adherence to all applicable statutory requirements.
The meeting commenced at 03:30 p.m. (IST) and concluded at 03:50 p.m. (IST).
UNIHEALTH Stock Price Movement
On Monday, shares of Unihealth Hospitals Limited gained sharply, rallying by 5.00% to settle at ₹496.95 in market trading. The stock traded within a defined range, finding a low of ₹465 and concluding the session with a volume of 87,000 shares exchanged.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.