Joint Venture4 Mar 2025, 01:10 am
Thyrocare Technologies Infuses Additional USD 25,000 in Tanzanian Joint Venture, Gaining Majority Control
AI Summary
Thyrocare Technologies Ltd. has made an additional equity investment of USD 25,000 in Thyrocare Laboratories (Tanzania) Limited, a joint venture company. This investment will make Thyrocare Technologies the majority shareholder in the JV Company, which is engaged in providing diagnostic and healthcare services in Tanzania. The JV Company had a turnover of INR 0.44 Crore for the nine-month period ended December 31, 2024, and a net-worth of INR 3.21 Crore as of December 31, 2024.
Key Highlights
- Thyrocare Technologies makes an additional equity investment of USD 25,000 in Thyrocare Laboratories (Tanzania) Limited.
- This investment will make Thyrocare Technologies the majority shareholder in the JV Company.
- The JV Company is engaged in providing diagnostic and healthcare services in Tanzania.
- The JV Company had a turnover of INR 0.44 Crore for the nine-month period ended December 31, 2024.
- Thyrocare Technologies' total investment in the JV Company now amounts to INR 4,18,82,164.