Unihealth Hospitals Issues Up To 12,50,000 Shares in Preferential Allotment to Acquire Stake in Uganda Hospital Chain
Unihealth Hospitals Limited has approved a preferential allotment of up to 12,50,000 equity shares to acquire a stake in Victoria Hospital Limited (VHL), a healthcare provider in Uganda. The transaction is structured as a share swap and aims to substantially strengthen the company's international healthcare platform.The Board of Directors of Unihealth Hospitals held a meeting on July 3, 2026, wherein the preferential allotment was transacted. The issue involves issuing shares at a price determined by a valuation report, which set the fair value of the equity share at Rs. 520.31 per equity share.
The allocation is intended to Mr. Bhaskar Kotecha and Dr. Chirag Kotecha, who are not promoters of Unihealth Hospitals Limited. The allotment involves issuing shares for consideration other than cash.
Key Details of the Preferential Allotment
The preferential issue involves up to 12,50,000 equity shares of face value Rs. 10 each, priced at Rs. 520.31 per share. This issuance is aimed at discharging the purchase consideration for acquiring a significant shareholding in Victoria Hospital Limited (VHL).The total cost of acquisition is approximately Rs. 65,03,86,250.
| Particulars | Details |
|---|---|
| Total Shares Proposed | Up to 12,50,000 Equity Shares |
| Issue Price per Share | Rs. 520.31 (Face Value: Rs. 10) |
| Transaction Amount | Rs. 65,03,86,250 |
| Acquired Stake in VHL | 49.81% on a fully diluted basis |
| Proposed Allottees | Dr. Chirag Kotecha and Mr. Bhaskar Kotecha |
Acquisition of Victoria Hospital Limited Stake
The company is acquiring 2,55,544 shares in Victoria Hospital Limited (VHL) from the Proposed Allottees for the purchase consideration. The acquisition significantly strengthens Unihealth's international healthcare operations, as VHL serves as a flagship tertiary healthcare institution within the Group’s East African footprint.Post-allotment, both Dr. Chirag Kotecha and Mr. Bhaskar Kotecha are expected to hold 6,25,000 shares each, representing 3.64% of the shareholding after the preferential issue, with a combined holding of 7.28%.
Details regarding the target entity, Victoria Hospital Limited, Uganda (VHL), include:
| Financial Year | Turnover in INR |
|---|---|
| 2025-2026 | 114.47 Crore |
| 2024-2025 | 85.98 Crore |
| 2023-2024 | 60.38 Crore |
VHL, which was incorporated on October 10, 2016, provides advanced tertiary care services across numerous specialties, including General Medicine, Orthopedics & Spine, Neurology & Neurosurgery, and Pediatrics & Neonatology. The acquisition is positioned to enhance Unihealth's strategic alignment and operational integration across its Indian and East African businesses.
UNIHEALTH Stock Price Movement
Unihealth Hospitals Limited rallied today, settling up by 1.21% to close at ₹634.00, driven by investor enthusiasm within the healthcare sector. The stock impressively achieved its 52-week high in the trading session, supported by a volume of 16,000 shares traded today.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.
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