Company has entered into Share Purchase Agreement with Arvaya healthtechand wellness private Limited acquiring 100 % of equity stake.
Awaiting price reaction for this filing.
Bijoy Hans Limited (BHL), a hospitality-focused listed company, has signed a Share Purchase Agreement to acquire 100% of Arvaya Healthtech & Wellness Private Limited (AHWPL), a healthcare and wellness firm based in Sangli, Maharashtra. The deal is valued at approximately ₹18.75 crore, payable entirely through a share swap — BHL will issue about 1.5 crore new equity shares at ₹12.5 each to the selling shareholders of AHWPL. This marks a strategic diversification move for BHL from its core hospitality business into preventive healthcare, wellness clinics, and diagnostic services. The transaction is expected to close by April 30, 2026, and no regulatory approvals are required.
Existing BHL shareholders will see dilution from the issuance of roughly 1.5 crore new shares as consideration. The target's turnover is minimal (just ₹8 lakh in FY25 and nil in the prior two years), so near-term financial impact will be limited; the acquisition is essentially a platform entry into the healthcare and wellness sector for long-term growth.