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For consideration of Rs 511 croreMetropolis Healthcare announced that the Board of Directors has approved the acquisition of Dr. Ganesan s Hitech Diagnostic Centre (Hitech).
The acquisition will be a combination of cash and stock deal. The target entity is a debt free company. Cash consideration will be Rs. 511 crore and Metropolis will issue up to 4,95,000 equity shares of Face Value Rs.2/- each on preferential basis, subject to Shareholders approval, to
the Promoter Group of Hitech. The Cash consideration will be funded through internal accruals and Debt of up to Rs. 300 crore.
The acquisition will allow Metropolis to increase its B2C business in focus cities of Chennai and
JBM Auto jumped 5.26% to Rs 338.30 after the company bagged an order to supply 700 BS-VI CNG buses to Delhi Transport Corporation (DTC).
In a regulatory filing made on Saturday (16 October 2021), JBM Auto said that it had received orders for supply of 700 JBM CITYLIFE fully air conditioned BS-VI CNG low-floor buses from Delhi Transport Corporation (Government of NCT of Delhi) vide its Letter of Award dated 15 January 2021. These orders will be executed in the coming months, it added.
JBM Auto is the flagship company of the JBM Group. The group has a diversified portfolio with presence in multiple domains such as automotive, engineering & design services, renewable energy, railways and original equipment manufacturer (OEM).