Zenith Healthcare Board Approves Amalgamation Scheme with Achyut Healthcare

Zenith Healthcare Limited's Board of Directors has approved a Scheme of Amalgamation with Achyut Healthcare Limited. The amalgamation, subject to regulatory and shareholder approvals, involves the dissolution of Achyut Healthcare without winding up and issuance of Zenith Healthcare shares to Achyut Healthcare's shareholders. The transaction is considered a related party transaction but will not attract Section 188 of the Companies Act, 2013, with consideration determined on an arm's length basis. The Share Exchange Ratio is based on a valuation report from Den Valuation (OPC) Private Limited.