Sastasundar Ventures Approves Tripartite Agreement for Subsidiary's Merger with Company

Sastasundar Ventures Ltd, now Health X Platform Limited, announced the approval of a Tripartite Agreement involving its material subsidiary, Sastasundar Healthbuddy Limited (SHBL), and Envision India Fund, a Mauritius-based qualified institutional buyer. The agreement follows a share purchase agreement where Envision agreed to acquire Mitsubishi's entire shareholding in SHBL. The agreement contemplates the merger of SHBL with Health X Platform Limited, ensuring Envision's economic interest remains the same post-merger. If the merger cannot be consummated, a share swap arrangement will ensure Envision receives equivalent shares of HealthX. The agreement also grants Envision the right to appoint a director on HealthX's Board under certain circumstances.