Target Entity: Orbit Health Care ETH PLC
Type of Deal: Investment via share subscription establishing wholly-owned subsidiary structure
Stake/Capacity: 100% ownership stake through indirect subsidiary structure
Deal Value: USD 200,000 (as per prevailing currency rates)
Funding Source: Not explicitly disclosed in the document
Financial Impact: Not disclosed in the document
Timeline: Investment completed on May 26, 2026
Strategic Rationale: Establishment of operational presence in Ethiopia through subsidiary structure
Approval Status: Investment completed and implemented
Reference Regulation: SEBI Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Additional Details:
This announcement serves as a follow-up to the company's previous communication dated February 03, 2026 regarding the proposed incorporation of a wholly owned subsidiary in Ethiopia. The investment was made by Orbit Healthcare Services (Mauritius) Limited, which is a wholly owned subsidiary of Dr. Agarwal's Health Care Limited. With this investment, Orbit Health Care ETH PLC has become: (i) a wholly owned subsidiary of Orbit Healthcare Services (Mauritius) Limited; and (ii) an indirect / step down wholly owned subsidiary of Dr. Agarwal's Health Care Limited.