Announced Wed, 15 Jul · 11:40 IST
Board approves amalgamation scheme with Zenith Healthcare Limited
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
₹7.75
base price
In-mkt
timing
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-3.4-3.4——-8.6-13.1-8.9-5.3-7.6-8.3————
Up moveDown movePending
AI summary
Achyut Healthcare board has approved a scheme to merge into Zenith Healthcare. Both firms share the same promoter group. Shareholders of Achyut will receive 119 equity shares of Zenith (face value INR 1) for every 50 shares held. Achyut will be dissolved without winding up. The scheme needs NCLT, shareholder and creditor approvals. Achyut has total assets of about INR 38 crore and turnover of about INR 12 crore as of March 2026.
Likely market impact
Shareholders will get Zenith shares per the swap ratio; deal needs NCLT and shareholder approvals before taking effect.