The Shalby share price gained 4 percent in the early trade on March 13 after the company's board approved a proposal to acquire a 100 percent stake in a Healers Hospital Private Limited.
At 9:27am Shalby was quoting at Rs 239.00, up Rs 8.80, or 3.82 percent, on the BSE.
".... board of directors at their meeting held on March 12, 2024, approved to acquire 100% stake in Healers Hospital Private Limited (HHPL), by way of secondary acquisition from its existing shareholders for an amount aggregating to appximately Rs 104 crore based on the Due Diligence Report and Valuation Report by Registered Valuer and as per the conditions set out in the Term Sheet signed between the parties," the company said in its release.
The acquisition will be completed within 30 days and no governmental or regulatory approvals is required for it, the company said. Healers Hospital will become a wholly‐owned subsidiary of the company.
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In the December quarter, the company posted a 24.7 percent jump in net profit at Rs 19.07 crore.
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