Acquisitions23 Apr 2025, 07:54 pm
PVP Ventures to Acquire 56% Stake in Optimus Oncology for INR 55 Crs
AI Summary
PVP Ventures Ltd. announced the outcome of their Board Meeting held on April 23, 2025. The company has approved the acquisition of 56% shareholding in Optimus Oncology Private Limited for approximately INR 55 crs. The acquisition will be through a combination of infusion of primary growth capital into the company and buying out existing third-party institutional and individual shareholders. Optimus Oncology, established by a group of reputed Radiation Oncologists, operates Radiation Therapy Centres in Maharashtra. The Board also approved the Share Purchase, Share Subscription cum Shareholders Agreement containing the terms and conditions of the acquisition.
Key Highlights
- PVP Ventures to acquire 56% stake in Optimus Oncology for INR 55 crs
- Acquisition to be through a combination of primary growth capital infusion and buying out existing shareholders
- Optimus Oncology operates Radiation Therapy Centres in Maharashtra
- Share Purchase, Share Subscription cum Shareholders Agreement approved
- New Company Secretary & Compliance Officer appointed