Board approves merger of Achyut Healthcare into Zenith Healthcare

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▲ 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

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+4.3+3.4+4.3+4.3-8.6-13.1-8.9-5.3-7.6-8.3————

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AI summary

Board approved a Scheme of Amalgamation merging Achyut Healthcare into Zenith Healthcare. Share swap ratio is 119 Zenith shares for every 50 Achyut shares. Achyut will dissolve without winding up. Both firms share the same promoter group, making this a related party deal at arm's length. Subject to NCLT, BSE, shareholder and creditor approvals. Achyut assets about INR 3,809 lakhs, turnover about INR 1,197 lakhs. Zenith assets about INR 1,099 lakhs, turnover about INR 1,094 lakhs.

Likely market impact

Achyut shareholders get Zenith shares at 119:50 ratio. Promoter stake in merged entity rises to 45.80%. Pending NCLT and shareholder approvals.