Merger14 Jul 2026, 09:30 pm
Achyut Healthcare to merge with Zenith Healthcare
AI Summary
Achyut Healthcare Limited's Board of Directors has approved a Scheme of Amalgamation with Zenith Healthcare Limited. The amalgamation, subject to regulatory and shareholder approvals, involves the dissolution of Achyut Healthcare without winding up and issuance of equity shares by Zenith Healthcare as consideration. The transaction is considered a related party transaction as promoters are from the same group, but it will not attract Section 188 of the Companies Act, 2013. The Share Exchange Ratio has been determined by registered valuers.
Key Highlights
- Board approves amalgamation of Achyut Healthcare with Zenith Healthcare.
- Scheme involves dissolution of Achyut Healthcare and share issuance by Zenith.
- Transaction is a related party deal but exempt from Section 188 of Companies Act.
- Amalgamation requires approvals from NCLT, shareholders, and creditors.
- Share Exchange Ratio determined by registered valuers.
Price Impact
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