
Acquisitions29 March 2026 at 09:01 am
HealthCare Global Enterprises Extends Share Acquisition Timeline for Vizag Hospital
AI Summary
HealthCare Global Enterprises Ltd. has executed the Second Amendment Agreement to the Share Purchase Agreement for the acquisition of shares of Vizag Hospital and Cancer Research Centre Private Limited. The Company has also amended the Shareholders Agreement with Vizag Hospital and its continuing shareholders. The Second Closing Date, initially set for 18 months after the First Closing Date (October 02, 2024), has been extended by 3 weeks. As a result, the Company will acquire a further 34% of the equity share capital of Vizag Hospital prior to 18 months and 3 weeks after the First Closing Date.
Key Highlights
- HealthCare Global Enterprises Ltd. has executed the Second Amendment Agreement to the Share Purchase Agreement for the acquisition of shares of Vizag Hospital and Cancer Research Centre Private Limited.
- The Second Closing Date for the acquisition of further 34% shares of Vizag Hospital has been extended by 3 weeks.
- The Company will acquire the additional shares prior to 18 months and 3 weeks after the First Closing Date.
- There are no other material changes in the SPA and SHA apart from the revised timelines.
HCGHospital
HealthCare Global Enterprises LtdPrice Impact