Acquisitions2 Jun 2025, 09:11 pm
Kerala Ayurveda Ltd Acquires 51% Stake in OM VEDIC HERITAGE CENTRE PTE. LTD. for INR 17,763,200 through Wholly Owned Subsidiary.
AI Summary
Kerala Ayurveda Ltd has announced the acquisition of 51% equity shares in OM VEDIC HERITAGE CENTRE PTE. LTD. (OVHPL) for a total consideration of SGD 2,80,000 (equivalent to INR 17,763,200) through its wholly owned subsidiary, Ayurvedic Academy Inc. OVHPL is a Singapore-based company engaged in the business of providing ayurvedic therapies and manufacturing and marketing ayurvedic medicines. The acquisition is expected to significantly enhance the business operations and integration of the Company and the subsidiary in Singapore.
Key Highlights
- Kerala Ayurveda Ltd acquires 51% stake in OM VEDIC HERITAGE CENTRE PTE. LTD.
- Total consideration of INR 17,763,200 for 51,000 equity shares of SGD 1/- each.
- Acquisition through wholly owned subsidiary, Ayurvedic Academy Inc.
- OVHPL engaged in providing ayurvedic therapies and marketing ayurvedic medicines.
- Expected to significantly enhance business operations and integration in Singapore.