Corporate News 06-Nov-20
Dr Lal Pathlabs announces acquisition of two pathology labs
Dr Lal Pathlabs announced that its wholly owned subsidiary, PathLabs Unifiers has signed binding term sheets on 6 November, 2020 for the acquisitions of the business of Bindish Diagnostic Laboratory LLP (BDL), in Jamnagar, Gujarat on a going concern basis, for a purchase consideration not exceeding Rs 4 crore and equity stake of 70% in ChanRe Diagnostic Services (CDSPL), in Bengaluru, Karnataka, for a purchase consideration not exceeding Rs 17.5 crore. BDL and CDSPL are engaged in the business of providing pathological diagnostic services
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