Corporate News     19-Dec-23
Board of Vijaya Diagnostic Centre approves acquisition of P H Diagnostic Centre
At meeting held on 19 December 2023
The Board of Directors of Vijaya Diagnostic Centre at their meeting held today have inter-alia considered and approved the terms and conditions of the Share Purchase agreement (SPA) between the Company, P H Diagnostic Centre (P H / Target) and its Promoters/Shareholders (Sellers) or the acquisition of 100% stake in “P H”. Post completion of the aforesaid acquisition, “P H” will become wholly-owned subsidiary (WOS) of the Company.

The cost of acquisition is Rs 134.65 crore. Additionally, Rs 12.85 crore shall be infused into the Target Company by way of either equity or loan to pay the existing debt.

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