Virinchi Board approves Rs 100 Cr acquisition of Bristlecone Hospitals business
VIRINCHI · price
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Virinchi Limited's board approved acquiring the Primary and Secondary Healthcare Business (Bristlecone Hospitals brand) from its material subsidiary VHCPL via a slump sale for Rs 100 Crores. It is a related party transaction subject to shareholder approval via postal ballot. Loans and advances to VHCPL will be adjusted against consideration. The deal aims to create an AI-first healthcare platform. VHCPL turnover was Rs 133.15 Cr, Rs 104.15 Cr, Rs 82.99 Cr over the last three years. Effective April 1, 2026.
Consolidates Bristlecone Hospitals under the listed entity, strengthens AI-driven healthcare focus. Subject to shareholder approval.