HealthCare Global Enterprises Ltd Acquires 10% Stake in Cancer Care Kenya Limited for INR 7 Crore

HealthCare Global Enterprises Ltd (HCG), a leading specialist in cancer care, has announced the acquisition of a 10% equity stake in Cancer Care Kenya Limited (CCK), a step-down subsidiary of the company in Kenya. The acquisition, which is valued at INR 7 Crore, is aimed at expanding CCK's business in Kenya. The transaction is on an arm's length basis and does not require any governmental or regulatory approvals. The acquisition is expected to be completed by March 31, 2026. In addition, HCG has also agreed to issue a guarantee in the form of a Standby Letter of Credit (SBLC) to secure credit facilities proposed to be availed by CCK for its business expansion. The guarantee will be treated as a contingent liability for HCG.