HealthCare Global Enterprises Limited Board approved divestment of entire equity stake in BACC Health Care Private Limited to Inviga Healthcare Fund I for INR 37.64 crore.
Transaction is a related party deal as Inviga Fund is controlled by HCG's promoter Dr. B.S. Ajaikumar, but conducted at arm's length through competitive process.
BACC contributed 4.45% to HCG's standalone revenue and 1.09% to net worth in FY25-26, focusing on non-core fertility healthcare services.
Divestment aligns with HCG's strategic capital allocation to focus on core cancer services and reinvest in high growth areas.