Arvaya Healthcare Approves Acquisition, Preferential Issue & Rights Issue

Arvaya Healthcare Ltd (formerly Bijoy Hans Limited) announced board approval for multiple strategic initiatives. The company will acquire 100% equity shares of Sushodha Institute of Gastroenterology Private Limited (SIGPL) for ₹15.49 Crores, to be discharged via a preferential allotment of up to 38.72 Lakh shares at ₹40 each. Additionally, the board has approved a Rights Issue of Specified Securities to raise a maximum of ₹210 Crores. A Rights Issue Committee has been constituted to manage the process.