HealthCare Global Enterprises Limited has completed the acquisition of an additional 34% stake in Vizag Hospital and Cancer Research Centre Private Limited. The transaction, valued at INR 154.50 crore, brings the company’s total equity holding in the hospital to 85%. This strategic consolidation follows agreements initiated in 2024 and marks a significant step in strengthening the company’s clinical footprint.
Strategic Consolidation of Ownership
HealthCare Global Enterprises Limited has successfully concluded the acquisition of 1,93,441 equity shares of Vizag Hospital and Cancer Research Centre Private Limited. This acquisition represents 34% of the hospital’s total equity share capital. By successfully integrating these shares, the company has now increased its total ownership to an aggregate of 85%, establishing a controlling interest in the medical facility.
Transaction Details
The investment for this additional stake was completed for a total purchase consideration of INR 154,50,17,135.82. This move serves as the subsequent stage of a broader acquisition plan originally outlined in the Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) signed on June 28, 2024. The transaction was finalized following specific amendment agreements executed on October 01, 2024, and March 29, 2026, reflecting the company’s long-term commitment to expanding its healthcare network.
Future Outlook
With an 85% majority stake, HealthCare Global Enterprises Limited is well-positioned to drive operational synergies and enhance service delivery at the Vizag facility. This investment aligns with the company’s broader objective of scaling its cancer care and specialized medical services across key regional markets in India.
Source: BSE
