Reliable Data Services Limited has entered into an Agreement with Reliable Meditail Private Limited in connection with its proposed investment in the business of diagnostic services. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Under the terms of the Agreement, the Company proposes to acquire 40% of the equity share capital of Reliable Meditail Private Limited. Reliable Meditail Private Limited is engaged in the business of establishing and operating diagnostic centres, pathology laboratories, diagnostic services and allied healthcare activities under the name and style of "Reliable Diagnostic House".
The total investment is expected to be approximately ₹100 lakhs.
The proposed investment is aimed at expanding the Company's business operations, diversifying its business portfolio and exploring opportunities in the healthcare and diagnostic services sector. The Company believes that this strategic investment will provide opportunities for business growth, operational synergies and long-term value creation for its shareholders.