Achyut Healthcare to merge with Zenith Healthcare

Achyut Healthcare Limited announced that its Board of Directors has approved a Scheme of Amalgamation with Zenith Healthcare Limited. The amalgamation, which involves the dissolution of Achyut Healthcare without winding up and issuance of shares by Zenith Healthcare to Achyut's shareholders, is subject to regulatory and shareholder approvals. The transaction is considered a related party transaction as promoters are from the same group, but it will be discharged on an arm's length basis. Registered Valuers have determined the Share Exchange Ratio.