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Metropolis Healthcare slips as acquisition deal set to collapse

Metropolis Healthcare slips as acquisition deal set to collapse
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Centralab Healthcare Services , Ganesan Hitech Diagnostic Centre , Metropolis Healthcare , Hitech Diagnostic Centre , Share Purchase Agreement , Capital Market , கணேசன் ஹைடெக் கண்டறியும் மையம் , பெருநகர சுகாதாரம் , ஹைடெக் கண்டறியும் மையம் , மூலதனம் சந்தை ,

Metropolis Healthcare announces delay in acquisition of Hitech Diagnostic

Metropolis Healthcare had previously announced that the indicative period for the completion of acquisition of Dr.
Ganesan s Hitech Diagnostic Centre (Hitech) would be three months (3 months) from 17 January 2021. However, due to the urrent situation of COVID-19 pandemic as mutually agreed between both the parties, the aforementioned acquisition would be closed and completed within next 45 days.
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Ganesan Hitech Diagnostic Centre , Metropolis Healthcare , Hitech Diagnostic Centre , Capital Market , Ontemporary History , Hi Tech , Ovid 19 Pandemic , Ealth Information Technology For Economic And Clinical Health Act , Ganesans Hitech Diagnostic Centre , கணேசன் ஹைடெக் கண்டறியும் மையம் , பெருநகர சுகாதாரம் , ஹைடெக் கண்டறியும் மையம் , மூலதனம் சந்தை , விட் சர்வதேச பரவல் ,

Metropolis Healthcare to acquire Dr. Ganesan's Hitech Diagnostic Centre

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 ....

Tamil Nadu , Ganesan Hitech Diagnostic Centre , Promoter Group Of Hitech , Metropolis Healthcare , Hitech Diagnostic Centre , Promoter Group , Capital Market , States And Union Territories Of India , Budget Of Odisha , Economy Of Odisha , Metropolis Lab , Laboratory Network , South India , Supply Chain , Face Value Rs 2 , Ganesans Hitech Diagnostic Centre , Office Infrastructure , தமிழ் நாடு , கணேசன் ஹைடெக் கண்டறியும் மையம் , ப்ரமோடர் குழு ஆஃப் ஹைடெக் , பெருநகர சுகாதாரம் , ஹைடெக் கண்டறியும் மையம் , ப்ரமோடர் குழு , மூலதனம் சந்தை , மாநிலங்களில் மற்றும் தொழிற்சங்கம் பிரதேசங்கள் ஆஃப் இந்தியா , பட்ஜெட் ஆஃப் ஓடிஷா ,

Board of Metropolis Healthcare approves acquistion of Hitech Diagnostic

At meeting held on 17 January 2021The Board of Metropolis Healthcare at its meeting held on 17 January 2021 has approved the following:
Increase in in limits available with the Company to provide loan, guarantee to any person or Body
Corporate or make investment in any Body Corporate under Section 186 of the Companies Act,
2013 from Rs.500 crore to Rs.1200 crore, subject to the approval of the shareholders.
Acquisition of entire 100% stake in Dr. Ganesan s Hitech Diagnostic Centre and its
subsidiary ( Hitech ) from its existing promoters / shareholders for a consideration to be discharged
partly by Cash and partly by issuance of equity shares of the Company. ....

Ganesan Hitech Diagnostic Centre , Metropolis Healthcare , Body Corporate , Companies Act , Hitech Diagnostic Centre , Capital Market , Mass Media , Ganesans Hitech Diagnostic Centre , Hi Tech , Board Of Metropolis Healthcare , கணேசன் ஹைடெக் கண்டறியும் மையம் , பெருநகர சுகாதாரம் , உடல் பெருநிறுவன , நிறுவனங்கள் நாடகம் , ஹைடெக் கண்டறியும் மையம் , மூலதனம் சந்தை , நிறை மீடியா , வணக்கம் தொழில்நுட்பம் , பலகை ஆஃப் பெருநகர சுகாதாரம் ,

Metropolis Healthcare to acquire Hitech Diagnostic Centre

Metropolis Healthcare announced that the board of directors has approved the acquisition of Dr. Ganesan s Hitech Diagnostic Centre (Hitech).
Established in 1986, Hitech Diagnostic Centre is a diagnostics laboratory chain in the South India market. Metropolis will acquire 100% equity of Dr. Ganesan s Hitech Diagnostic Centre in a combination of cash and stock deal. The entity is a debt free company. This acquisition is expected to be completed within 3 months.
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. ....

Tamil Nadu , Ganesan Hitech Diagnostic Centre , Promoter Group Of Hitech , Hitech Diagnostic Centre , Metropolis Healthcare , South India , Promoter Group , Capital Market , Hi Tech , Health Information Technology For Economic And Clinical Act , Neurological Disorders , Diagnostics Laboratory Chain , Laboratory Network , Supply Chain , Face Value , தமிழ் நாடு , கணேசன் ஹைடெக் கண்டறியும் மையம் , ப்ரமோடர் குழு ஆஃப் ஹைடெக் , ஹைடெக் கண்டறியும் மையம் , பெருநகர சுகாதாரம் , தெற்கு இந்தியா , ப்ரமோடர் குழு , மூலதனம் சந்தை , வணக்கம் தொழில்நுட்பம் , ஆரோக்கியம் தகவல் தொழில்நுட்பம் க்கு பொருளாதார மற்றும் மருத்துவ நாடகம் , நரம்பியல் கோளாறுகள் ,