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HealthCare Global shines on executing SPA to acquire 12% stake in ISSL

02 May 2018 Evaluate

Healthcare Global Enterprises is currently trading at Rs. 315.90, up by 14.75 points or 4.90% from its previous closing of Rs. 301.15 on the BSE.

The scrip opened at Rs. 302.05 and has touched a high and low of Rs. 335.00 and Rs. 301.90 respectively. So far 6395 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 352.00 on 31-Jan-2018 and a 52 week low of Rs. 238.00 on 02-Jun-2017.

Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 291.10 respectively. The current market cap of the company is Rs. 2774.83 crore.

The promoters holding in the company stood at 24.04%, while Institutions and Non-Institutions held 58.28% and 17.67% respectively.

HealthCare Global Enterprises (HCG) has executed a Share Purchase Agreement (SPA) for purchase of equity shares of International Stemcell Services (ISSL) to an extent of 12% from the existing shareholders of ISSL. The company has acquired 10,860 equity shares of ISSL for Rs 56.08 lakh from the existing shareholders of ISSL.

ISSL was incorporated on September 17, 2008, in Karnataka, India, for carrying out research activities with respect to stem cells and regenerative medicine in Bangalore.

HealthCare Global Enterprises is the largest provider of cancer care in India. Through its network of comprehensive cancer centres spread across India, HCG has brought advanced cancer care to the doorstep of millions of people.

HealthcareGlobal Share Price

561.55 -5.00 (-0.88%)
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