HealthCare Global Enterprises Ltd raises stake in Suchirayu to 78.6%

HealthCare Global Enterprises Limited ('HCG' or 'the Company') had completed the investment of INR 33,00,00,000 (Indian Rupees Thirty-Three Crore) in the equity shares of Suchirayu Health Care Solutions Limited ('Suchirayu') aggregating to 78.6% of the share capital of Suchirayu. Prior to this acquisition, the Company was holding 17.7% of the share capital of Suchirayu.

The name of the target entity is Suchirayu Health Care Solutions Limited ("Suchirayu"). Suchirayu owns and operates a multi-specialty hospital in Hubli, Karnataka. The revenue of Suchirayu for the financial year ended on March 31, 2021 was INR 55.37 Crore.

Shares of Healthcare Global Enterprises Limited was last trading in BSE at Rs. 252.35 as compared to the previous close of Rs. 255.45. The total number of shares traded during the day was 12850 in over 1056 trades.

The stock hit an intraday high of Rs. 260.45 and intraday low of 244.10. The net turnover during the day was Rs. 3230265.00.

Source : Equity Bulls

Keywords

HealthcareGlobalEnterprisesLimited INE075I01017 HCG HealthcareFacilities Suchirayu StakeAcquisition