Zenith Healthcare board approves merger of Achyut Healthcare into itself
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zenith Healthcare board approved merging group company Achyut Healthcare into itself under Companies Act Sections 230-232. Exchange ratio fixed at 119 Zenith shares per 50 Achyut shares; no cash involved. Achyut is larger with assets of about Rs 38 crore and turnover of Rs 12 crore in FY26, versus Zenith assets of about Rs 11 crore. Post-merger, Zenith promoter holding will rise from 28.74% to 45.80% while public stake falls from 71.26% to 54.20%. Subject to NCLT, BSE no-objection and shareholder and creditor approvals.
Group restructuring - existing public shareholders face significant dilution. Subject to NCLT and shareholder approvals before becoming effective.