Investment6 Aug 2026, 07:51 pm
HealthCare Global Enterprises Invests ₹16 Cr in Subsidiary
AI Summary
HealthCare Global Enterprises Ltd has approved a further investment of up to INR 16 Crores in its wholly-owned subsidiary, HCG Rajkot Hospitals LLP. This investment is earmarked for repayment of dues, working capital, and general corporate purposes. HCG Rajkot operates a cancer-specialty hospital in Rajkot, Gujarat, with a turnover of INR 60.67 Crore for FY26. The transaction is considered a related party transaction but is being executed on an arm's length basis. The investment is expected to be completed by September 30, 2026, and will be made in cash, maintaining HealthCare Global's 100% ownership.
Key Highlights
- Company invests up to ₹16 Cr in wholly-owned subsidiary HCG Rajkot Hospitals LLP.
- Funds to be used for debt repayment, working capital, and general corporate needs.
- HCG Rajkot reported FY26 revenue of ₹60.67 Cr from its cancer specialty hospital.
- Investment is in cash and expected to conclude by September 30, 2026.
- Company maintains 100% shareholding post-investment.
Price Impact
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