Announced Thu, 3 Sept · 23:42 IST
Board approves 2 acquisitions via share swap, auditor appointments, capital hike
ONEGLOBAL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹527.15
prior close
₹547.80
base price
After-mkt
timing
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Up moveDown movePending
AI summary
Board approved acquiring 51 percent stake in Matrix Labs Diagnocare (turnover Rs. 171.30 Cr) and Matrix Labs Pvt Ltd (turnover Rs. 8.92 Cr) via share swap. Will issue 7,15,040 shares at Rs. 553 each to promoters of target firms. Also appointed statutory and internal auditors, increased authorised capital from Rs. 25.05 Cr to Rs. 50 Cr, and fixed 34th AGM on 29 Sept 2026.
Likely market impact
Share swap will dilute existing shareholders; company enters IVD and diagnostics sector, both target firms to become subsidiaries.