Board Meeting11 Jul 2026, 03:00 pm
Arvaya Healthcare Approves Acquisition, Rights Issue, and RO Shift
AI Summary
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 crore, discharged through a preferential issue of equity shares. Additionally, the board approved a Rights Issue of up to ₹210 crore to raise funds and the shifting of its Registered Office from Assam to Maharashtra, subject to regulatory approvals. A Rights Issue Committee has been constituted to oversee the fundraising process.
Key Highlights
- Acquisition of SIGPL for ₹15.49 crore via preferential share allotment.
- Approval for a Rights Issue aiming to raise up to ₹210 crore.
- Board approved shifting of Registered Office from Assam to Maharashtra.
- New Rights Issue Committee formed to manage fundraising.
- Acquisition and preferential issue are subject to shareholder and regulatory approvals.
Price Impact
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