Acquisitions7 Aug 2024, 10:51 pm
Kerala Ayurveda Ltd Acquires 51% Stake in OM VEDIC HERITAGE CENTRE PTE. LTD. for INR 17,763,200
AI Summary
Kerala Ayurveda Ltd, an ISO 9001:2015 Certified Company, has acquired a 51% stake in OM VEDIC HERITAGE CENTRE PTE. LTD., a Singapore-based company engaged in the business of providing ayurvedic therapies and manufacturing and marketing ayurvedic medicines. The acquisition was made at a consideration of SGD 280,000 (equivalent to INR 17,763,200) as per the executed Share Purchase Agreement and Shareholders’ Agreement. The turnover of OM VEDIC HERITAGE CENTRE PTE. LTD. as at December 31, 2023, was SGD 9,16,022.
Key Highlights
- Kerala Ayurveda Ltd acquires 51% stake in OM VEDIC HERITAGE CENTRE PTE. LTD.
- The acquisition was made at a consideration of SGD 280,000 (equivalent to INR 17,763,200).
- OM VEDIC HERITAGE CENTRE PTE. LTD. is a Singapore-based company engaged in the business of providing ayurvedic therapies and manufacturing and marketing ayurvedic medicines.
- The turnover of OM VEDIC HERITAGE CENTRE PTE. LTD. as at December 31, 2023, was SGD 9,16,022.
- The acquisition does not fall under related party transaction(s).