Unihealth Hospitals Limited has secured Board approval to increase its stake in Victoria Hospital Limited, Uganda, to 99.81% through a preferential allotment of 12,50,000 equity shares. The transaction, executed via a share swap with Mr. Bhasker Kotecha and Dr. Chirag Kotecha, will consolidate ownership of the East African healthcare asset. Victoria Hospital reported a turnover of ₹115.27 crore in FY26, with a profit after tax of ₹43.53 crore, driven by strong operational leverage and a debt-free balance sheet.

The acquisition will be discharged entirely through the issuance of equity shares, preserving cash resources while enhancing future earnings attributable to Unihealth shareholders. The share exchange ratio was determined based on independent valuation reports in accordance with the Companies Act, 2013, and SEBI (ICDR) Regulations. The transaction requires shareholder approval under Section 42 and 62(1)(c) of the Companies Act, 2013, and Chapter V of the SEBI (ICDR) Regulations.

Financial Performance of Victoria Hospital

Strategic Rationale

Victoria Hospital enjoys a 10-year corporate income tax holiday effective until June 2034 and operates with a debt-free balance sheet. These attributes are expected to result in higher free cash flows and improved return on invested capital. Increasing ownership to 99.81% aligns virtually the entire economic interest of the subsidiary with Unihealth, simplifying the group structure and strengthening its East African growth platform.

The Board has also approved an increase in the authorized share capital from ₹17 crore to ₹20 crore to facilitate the issue. The transaction is subject to the receipt of requisite shareholder and regulatory approvals, including those under FEMA regulations.

Unihealth Hospitals Limited engaged with analysts and institutional investors on June 22, 2026, to discuss its business operations. The meeting, conducted virtually via Zoom from 12:00 P.M. to 1:00 P.M., served as a platform for the company's officials to present updates and answer queries from the investment community. No unpublished price sensitive information (UPSI) was shared during the session.

The disclosure was made to the National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Deshna Jain, Company Secretary & Compliance Officer, signed the intimation confirming the participation and the adherence to regulatory norms regarding information disclosure.

A total of 19 participants attended the meeting, representing various financial institutions and high-net-worth individuals. The attendees included Profit Tantra Financials Services Ltd., Podar Family Office, Pin Point X Capital, and Samdeerya Capital. Other institutional participants such as Mindtree Capital, Wealth & Wisdom, Coheron Wealth, and Wallfort PMS were also present.

The list of attendees further included Lotus bloom and Alpha AIF, alongside multiple High Net-Worth Individuals (HNIs). The interaction provided these stakeholders with an opportunity to understand the company's current standing and future outlook without the disclosure of material non-public information.

Attendee Details