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  • 39,735.53-134.0-0.34%
  • 11,504.95-11.2-0.1%
Metropolis Healthcare Ltd (Health Care Services)Last traded on( 18/Sep/2020)

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This is to inform you that the Board of Directors of the Company at their meeting held today through video- conferencing have inter-alia: 1. Approved the acquisition of balance Equity stake of 35% i.e. 1050000 Equity shares of Rs.10/- each in Metropolis Histoxpert Digital Services Private Limited (Histoxpert). 2. Approved the acquisition of balance Equity stake of 49% i.e. 8894 Equity shares of Rs.10/- each in Raj Metropolis Healthcare Private Limited (Raj Metropolis).11/Aug/2020
The Company vide letter dated 16th January 2020 informed the Exchange(s) regarding the decision of Company to acquire 51% stake at a consideration of Rs.93630000/- in Shraddha Diagnostic Centre (I) Private Limited from its Promoters (Seller) vide Shareholders Agreement and Share Purchase dated 16th January2020 entered between the Company SDCIPL and its promoters. The closure of transaction was subject to certain conditions precedent as specified in the Share Purchase Agreement (SPA) to be fulfilled on or before the amended long stop date as per the supplemental share purchase agreement. The promoters of SDCIPL have conveyed that they cannot fulfil certain conditions precedent due to which the closing could not be completed which is a breach of Warranty. Therefore the promoters of SDCIPL have communicated to the Company their intent to terminate the said SPA and accordingly the proposed acquisition stands closed.02/Jul/2020