PVP Ventures Acquires Majority Stake in 7Med India Pvt. Ltd. for INR 127 Crores

PVP Ventures Ltd. has executed binding agreements to initially acquire 41.2% stake in 7 Med India Pvt. Ltd. with a clear contracted path to majority shareholding within 12 months. The transaction is a combination of both primary and secondary stake purchase amounting to an outlay of circa INR 127 crores for this majority shareholding. 7Med India Pvt. Ltd. is among the top five organized players in India’s renal care sector, offering a comprehensive range of dialysis services across its pan-India network. The target company has reported an EBITDA of approximately INR 10 crore for the current financial year. With this acquisition, PVP has made a significant stride in its earlier announced plans to build a new age global Healthcare Services platform focusing on illness, Wellness and Care.