Investment3 Jun 2025, 08:47 pm
Thyrocare Technologies Makes Additional Capital Infusion in Thyrocare Laboratories (Tanzania) Limited
AI Summary
Thyrocare Technologies Ltd has made an additional investment of USD 175,000 in Thyrocare Laboratories (Tanzania) Limited by subscribing to Compulsorily Convertible Irredeemable Preference Shares (CCPS). This investment is a related party transaction and has been carried out at arm's length. The total investment made by the Company till date amounts to USD 675,020. Thyrocare Tanzania's business is similar to the Company’s main line of business viz. diagnostic and healthcare services.
Key Highlights
- Thyrocare Technologies Ltd has made an additional investment of USD 175,000 in Thyrocare Laboratories (Tanzania) Limited.
- The investment is a related party transaction and has been carried out at arm's length.
- The total investment made by the Company till date amounts to USD 675,020.
- Thyrocare Tanzania's business is similar to the Company’s main line of business viz. diagnostic and healthcare services.