Acquisitions14 Jul 2025, 06:10 pm
Nilkamal Ltd. Acquires Healthcare Furniture Vertical of Imedfurns Private Limited for Rs. 3,00,00,000
AI Summary
Nilkamal Ltd. has executed a Deed of Assignment for Intellectual Properties and Design, Employment Agreement and Non-compete Agreement with Imedfurns Private Limited for the purchase of their healthcare furniture vertical. The total consideration is Rs. 3,00,00,000, payable over a period of 4 years. The acquisition includes intellectual property rights, contracts, employees, and goodwill of Imedfurns Private Limited.
Key Highlights
- Nilkamal Ltd. has agreed to purchase the healthcare furniture vertical of Imedfurns Private Limited.
- The total consideration for the acquisition is Rs. 3,00,00,000, payable over 4 years.
- The acquisition includes intellectual property rights, contracts, employees, and goodwill of Imedfurns Private Limited.
- Imedfurns Private Limited is a company based in Chennai, Tamil Nadu, India.
- The acquisition is expected to be completed by July 14, 2025.