MedPlus Health Services Limited has approved the acquisition of the residual 0.01% stake in its material subsidiary, Optival Health Solutions Private Limited. This transaction, valued at an aggregate consideration of ₹1.10 crore or as mutually negotiated, will increase MedPlus’s shareholding to 100%, making Optival a wholly owned subsidiary. The deal is expected to be completed subject to requisite formalities.
MedPlus Health Finalizes Wholly Owned Subsidiary Status
MedPlus Health Services Limited announced today the board’s approval for the acquisition of the remaining 0.01% shareholding in Optival Health Solutions Private Limited. This move is set to convert Optival Health Solutions Private Limited, a material subsidiary of MedPlus, into a wholly owned subsidiary (WoS). The transaction aims to consolidate full ownership and streamline operations of the subsidiary.
Transaction Details and Rationale
The acquisition involves the purchase of 17,986 equity shares of Optival Health Solutions Private Limited, each with a face value of ₹10. The aggregate consideration for this stake is set at ₹1.10 crore, with the final amount subject to negotiation and mutual agreement between the parties. The rationale behind this acquisition is to achieve 100% ownership of Optival Health Solutions, which operates in the Pharmacy Retail business.
Optival Health Solutions Profile
Optival Health Solutions Private Limited was incorporated on July 11, 2005. As of March 31, 2026, its authorized share capital stood at ₹210 crore, with a paid-up share capital of ₹209.80 crore. The company reported a turnover of ₹6816.44 crore for the financial year 2025-26. Optival Health Solutions has its registered office in Hyderabad, Telangana, and operates within India.
Financial Impact and Future Steps
Upon completion of this acquisition, MedPlus Health Services’ shareholding in Optival Health Solutions Private Limited will rise from 99.99% to 100%. The company expects the acquisition to be completed expeditiously, contingent upon the finalization of necessary documentation and transmission formalities. This consolidation is anticipated to simplify reporting and management structures for the subsidiary.
Source: BSE
