Rainbow acquires 64 percent stake in Nellore hospital LLP for Rs 19.84 Cr

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Smallcap 250market-0.7%+2.8% vs market

Hospital peers, median of 26sector-0.1%+2.2% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 2.2 pts more than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Hospital peers, median of 26Pending

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AI summary

Rainbow Childrens Medicare will acquire 64 percent partnership interest in Super Prime Medical Care LLP, which runs a 70-bed hospital in Nellore, Andhra Pradesh, for Rs 19.84 Cr in cash. Post-deal, the LLP will become a subsidiary. LLP FY26 turnover was Rs 9.44 Cr (unaudited). The deal strengthens Rainbow's hub-and-spoke model in AP, taking total AP beds to 429 across four hospitals. Expected to commission by August 31, 2026, funded by internal accruals. About 30 more beds planned for gynaecology and obstetrics.

Likely market impact

Strategic expansion in Andhra Pradesh, strengthens regional network. Modest deal size, funded internally without equity dilution.