PVP Ventures Increases Stake in 7 Med India to 41.23%

PVP Ventures Ltd has successfully completed the acquisition of an additional 4,263 equity shares in 7 Med India Private Limited, increasing its stake to 41.23% of the total paid-up share capital. This move is part of the company's strategic expansion into the healthcare sector. The acquisition was completed in accordance with the Share Purchase Agreement and Shareholders' Agreement. The total outlay for a majority shareholding of 50.62% is expected to be around INR 127 crores, combining primary and secondary stake purchases. The company is committed to completing the balance acquisition as per definitive agreements. 7 Med India is a significant player in India's renal care sector.