Evexia Lifecare to Acquire 51% Stake in Vittal's MediCare for Rs. 35 Crores

Evexia Lifecare Ltd. has executed a term sheet with Vittal's MediCare Private Limited to acquire a 51% stake. The total consideration for the acquisition is Rs. 35 crores. Vittal's MediCare Private Limited will become a subsidiary company of Evexia Lifecare Limited after the completion of the entire transaction. This acquisition is not a related party transaction and the promoters/promoter group/group companies do not have any interest in the entity being acquired. The target company is engaged in the business of Diagnostic Centers, which aligns with Evexia Lifecare Limited's business of manufacturing and trading in pharmaceuticals, chemicals, and lifecare products. The acquisition is expected to be completed within 45 days from the date of execution of the Share Purchase Agreement and any other such agreements.