HealthCare Global Enterprises Ltd - Announcement under Regulation 30 (LODR)-Acquisition
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| 27 Nov 2020 | |
| Further to the intimations dated February 07, 2019 and November 08, 2019 made by the Company to the stock exchanges on the acquisition of remaining shares of BACC, we would like to inform you that the Company has entered into a Share Purchase Agreement on November 27, 2020, with Dr. Kamini A. Rao and her family members ('Minority Shareholders') for the acquisition of 46,695 Equity Shares aggregating to 49.9% ('Minority Shareholding') of the share capital of BACC ('SPA'). With the said acquisition, BACC has become a Wholly Owned Subsidiary of the Company. Consequently, the Company has also terminated the Shareholders' Agreement entered into by the Company with the Minority Shareholders of BACC setting out the relationship between the parties and their inter-se rights and obligations in BACC ('SHA'), vide Termination Agreement dated November 27, 2020 ('Termination Agreement'). | |
| View all announcements for HealthCare Global Enterprises Ltd | Source: BSE India |
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