Investment Details
- Investment Amount: ₹49,93,872
- Percentage Acquired: 0.75% of paid-up share capital on fully diluted basis
- Total Holding Post-Investment: 61.09% of MMSPL
- Number of Shares Acquired: 302 shares
- Price Per Share: ₹16,536 (based on valuation report by registered valuer)
- Consideration Type: Cash consideration
- Transaction Type: Not a related party transaction
- Promoter/Promoter Group Interest: None
Target Entity Information
- Name: Medcuore Medical Solutions Private Ltd
- Business: Manufacturing, distribution and services in air monitoring systems and air purifiers
- Date of Incorporation: June 7, 2020
- Geographic Presence: India
- Financial Performance:
- FY26 Turnover: ₹1,45,60,000
- FY25 Turnover: ₹35,41,484
- FY24 Turnover: ₹47,68,000
Transaction Rationale and Impact
The acquisition is intended to facilitate business growth, generate revenue, and earn profit due to expansion of business.
Regulatory Approvals and Timeline
- Governmental/Regulatory Approvals Required: None
- Indicative Time Period for Completion: Up to FY 2027-28