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PharmEasy is just what the doctor ordered for Thyrocare

Thyrocare has a lean cost structure. But compared to its major diagnostic peers, Thyrocare has lower on-ground (b2c) presence

June 28, 2021 / 08:22 AM IST
PharmEasy is just what the doctor ordered for Thyrocare

Thyrocare Technologies Ltd’s focus on low prices and high volumes yielded extraordinary results for its shareholders. The stock has tripled from its initial public offering (IPO) in 2016. And as API Holdings Ltd, the parent of PharmEasy, acquires a controlling stake, Thyrocare’s shareholders have another opportunity to monetise their investments, though at lower than market price. API Holdings announced an open offer to acquire 26 percent stake in Thyrocare at Rs 1,300 per equity share, an 11 percent discount to...

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