Deals30 Oct 2026, 08:31 pm
Deep Health AI amends land deal, raises consideration by ₹1.5 Cr
AI Summary
Deep Health AI India Ltd announced an addendum to its Memorandum of Understanding (MoU) with M/s. Elegant Floriculture & Agrotech (India) Limited for the acquisition of agricultural land. The total sale consideration has been revised upwards by ₹1.5 Crore from ₹18 Crore to ₹19.5 Crore. The company has already paid an advance of ₹5.625 Crore. The timelines for payment of the balance consideration and completion of the transaction have been extended by an additional year. All other terms of the original MoU dated March 06, 2026, remain unchanged.
Key Highlights
- MoU addendum executed for agricultural land acquisition.
- Sale consideration increased by ₹1.5 Crore to ₹19.5 Crore.
- Transaction completion timeline extended by one year.
- Advance payment of ₹5.625 Crore acknowledged.
- Other MoU terms remain unchanged.
Price Impact
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