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Acquisitions11 Jul 2026, 03:00 pm

Arvaya Healthcare Acquires SIGPL for ₹15.48 Cr via Preferential Allotment

AI Summary

Arvaya Healthcare Ltd (formerly Bijoy Hans Limited) announced board approval for the acquisition of 100% equity shares of Sushodha Institute of Gastroenterology Private Limited (SIGPL) for ₹15.48 crore. The consideration will be discharged through a preferential allotment of up to 38,71,854 equity shares at ₹40 per share. The company also approved a Rights Issue to raise up to ₹210 crore and formed a Rights Issue Committee to manage the process. The acquisition is subject to shareholder and regulatory approvals.

Key Highlights

  • Acquires 100% of SIGPL for ₹15.48 crore.
  • Consideration to be paid via preferential allotment of shares.
  • Approves Rights Issue to raise up to ₹210 crore.
  • Board forms Rights Issue Committee for fundraising.
  • Transaction subject to shareholder and regulatory approvals.