NewsOrders & DealsGujarat Kidney And Superspeciality Limited Acquires 100% Stake in Parekhs Hospital for ₹77.00 CroresGujarat Kidney And Superspeciality Limited Acquires 100% Stake in Parekhs Hospital for ₹77.00 Crores
Gujarat Kidney And Superspeciality Limited board has approved the acquisition of 100% equity stake in Parekhs Hospital Private Limited for ₹77.00 crores through cash consideration. The target company, incorporated in 2006 and based in Ahmedabad, operates in medical and healthcare services with FY25 turnover of ₹25.67 crores. This strategic acquisition aims to strengthen Gujarat Kidney's healthcare sector presence and diversify its business portfolio, with completion expected within two months.
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Gujarat Kidney And Superspeciality Limited has announced a major strategic acquisition, with its board of directors approving the purchase of 100% equity stake in Parekhs Hospital Private Limited for ₹77.00 crores. The decision was made during a board meeting held on January 2, 2025, from 10:00 AM to 11:00 AM, marking a significant expansion move in the healthcare sector.
Acquisition Details
The acquisition involves a complete takeover of Parekhs Hospital Private Limited through a cash consideration of ₹77.00 crores. This transaction will result in Parekhs Hospital becoming a wholly owned subsidiary of Gujarat Kidney And Superspeciality Limited.
| Parameter: | Details |
|---|---|
| Acquisition Value: | ₹77.00 crores |
| Shareholding Acquired: | 100% (255,000 equity shares) |
| Transaction Type: | Cash Consideration |
| Expected Completion: | 2 months (approximate) |
| Regulatory Approvals: | None required |
Target Company Profile
Parekhs Hospital Private Limited, incorporated on January 13, 2006, operates as a medical and healthcare service provider based in Ahmedabad, Gujarat. The company has established itself in the healthcare sector with consistent operational performance over recent years.
Financial Performance
The target company's financial track record shows steady revenue generation across the last three financial years:
| Financial Year: | Turnover |
|---|---|
| FY 2024-25: | ₹25.67 crores |
| FY 2023-24: | ₹26.36 crores |
| FY 2022-23: | ₹24.08 crores |
Capital Structure
Parekhs Hospital maintains a robust capital structure with an authorized share capital of ₹8.50 crores and a paid-up capital of ₹2.55 crores, comprising 255,000 equity shares of ₹10.00 each.
Strategic Rationale
The acquisition aligns with Gujarat Kidney And Superspeciality Limited's strategic objectives to strengthen its presence in the healthcare sector and diversify its business portfolio. The transaction is not classified as a related party transaction, with no promoter or group company interests involved in the target entity.
Transaction Structure
The acquisition will be executed through a share purchase agreement with the promoter group of Parekhs Hospital Private Limited. The company has confirmed that no governmental or regulatory approvals are required for completing this transaction, facilitating a smoother acquisition process within the projected two-month timeframe.
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