Healthcare Global Enterprises Limited (the Company) has informed the Exchange about completion of acquisition of additional 34% shares of Vizag Hospital and Cancer Research Centre Private Limited (Vizag Hospital). With this acquisition, the Company holds 85% equity share capital of Vizag Hospital.
HCG · price
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HCG has completed acquisition of an additional 34% stake (1,93,441 equity shares) in Vizag Hospital and Cancer Research Centre Private Limited for INR 154.5 crore. The acquisition was done pursuant to a Share Purchase Agreement and Shareholders' Agreement entered on June 28, 2024, with amendments on October 1, 2024 and March 29, 2026. Following this completion, HCG now holds 85% equity share capital of Vizag Hospital, up from 51% previously held. This represents a staged acquisition process that has now reached a controlling majority position.
HCG has strengthened its control over Vizag Hospital, increasing ownership to 85%, which will allow greater consolidation of revenues and operational control of this cancer care facility. The deal signals continued expansion in the oncology healthcare segment.