Announced Tue, 14 Jul · 21:28 IST
Board approves amalgamation with Zenith Healthcare
Strategic Transactions View source PDF
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 of Achyut Healthcare approved a scheme of amalgamation with Zenith Healthcare, both pharma firms in the same promoter group. Exchange ratio: 119 Zenith shares for every 50 Achyut shares. No cash consideration. Achyut has assets of INR 3809.44 lakhs and net worth of INR 3506.12 lakhs. Subject to NCLT, BSE, and shareholder approvals.
Likely market impact
Achyut shareholders will get Zenith shares per 119:50 ratio. Achyut will dissolve. Pending NCLT and other approvals.