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Metropolis Healthcare, a leading diagnostic service provider, is set to acquire Chennai-based Dr Ganesan’s Hitech Diagnostic Centre Pvt Ltd for a cash consideration of Rs 511 crore. Metropolis will acquire 100 per cent equity of Dr Ganesan’s Hitech Diagnostic Centre in a cash and stock deal. The entity is a debt free company and will issue up to 495,000 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 a debt of up to Rs 300 crore. Dr Ganesan...

Metropolis to acquire Hitech Diagnostic to strengthen position in South India ​ By IANS | Published on ​ Mon, Jan 18 2021 14:42 IST | ​ 0 Views Doctors.. Image Source: IANS News New Delhi, Jan 18 : Metropolis Healthcare, a leading diagnostic service provider announced that the Board of Directors has approved the acquisition of Dr. Ganesan's Hitech Diagnostic Centre Pvt. Ltd. (Hitech). Metropolis will acquire 100 per cent equity of Dr. Ganesan's Hitech Diagnostic Centre Pvt. Ltd. in a combination of cash and stock deal. The entity is a debt free company. Cash consideration will be R...

European stocks opened 0.3% weaker, after failed merger talks between French retailer Carrefour and Alimentation Couche-Tard.In Asia, Chinese blue chips gained 0.8% after the economy was reported to have grown 6.5% in the fourth quarter, on a year earlier

Metropolis to buy Hitech Diagnostic Updated: Updated: Share Article AAA The board of Metropolis Healthcare Ltd. has approved the acquisition of 100% equity of Hitech Diagnostic Centre Pvt. Ltd. (Hitech) in a cash and stock deal. The cash consideration will be ₹511 crore. Metropolis said it would issue up to 4,95,000 equity shares of face value ₹2 each on a preferential basis to the promoter group of Hitech. The cash consideration would be funded through internal accruals and up to ₹300 crore in debt. This acquisition will allow the combined entity to have about 30% market share in Chen...

HDFC Bank hits record high after Q3 net profit jumps over 18% YoY Premium (REUTERS) Share Via Read Full Story MUMBAI: Shares of HDFC Bank rose 2.5% to hit a record high of Rs1,503 on Monday after the private lender reported an 18.1% year-on-year (y-o-y) increase in its December quarter net profit to ₹8,758.29 crore. Total income rose 4.1% to Rs37,522.92 crore during the period. Net interest income for the quarter ended December grew 15.1% to Rs16,317.6 crore from Rs14,172.9 crore in the year-ago period, driven by a 15.6% in growth in advances, with core net interest margin for the quarter ...