Announced Tue, 14 Jul · 21:36 IST
Achyut Healthcare board approves amalgamation into Zenith Healthcare
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-8.6%1-day move
₹7.79
prior close
₹7.88
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.3+3.4+4.3+4.3-8.6-13.1-8.9-5.3-7.6-8.3————
Up moveDown movePending
AI summary
Board approved scheme of amalgamation of Achyut Healthcare with and into Zenith Healthcare, both listed pharma firms under the same promoter group. Exchange ratio is 119 Zenith shares (face value INR 1) for every 50 Achyut shares. No cash consideration. Achyut will stand dissolved without winding up. Subject to BSE no-objection, NCLT and shareholder or creditor approvals.
Likely market impact
Shareholders get 119 Zenith shares per 50 Achyut shares held; deal needs BSE, NCLT and shareholder approvals before completion.