Acquisitions9 Jul 2026, 08:30 pm
Gujarat Kidney Appoints Dr. Paresh Dhoti as Independent Director
AI Summary
Gujarat Kidney and Super Speciality Ltd announced the appointment of Mr (Dr) Paresh Dhoti as an Additional Non-Executive Independent Director, effective July 9, 2026. The board also approved the acquisition of a 51% stake in Blue Tree Clinics LLC, a UAE-based polyclinic, for ₹19.84 crore. The acquisition aims to expand the company's business into new geographies and service offerings. The company will also conduct a postal ballot for shareholder approval on a variation in IPO objects.
Key Highlights
- Dr. Paresh Dhoti appointed as Additional Non-Executive Independent Director.
- Company to acquire 51% stake in UAE's Blue Tree Clinics LLC.
- Acquisition cost is ₹19.84 crore, payable in two tranches.
- Expansion into new geographies and services is the strategic goal.
- Postal ballot to be conducted for variation in IPO objects.
Price Impact
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