HealthCare Global Enterprises’ subsidiary company -- HCG (Mauritius) has acquired 86,568 Preferred B Shares of Healthcare Global (Africa) (HCG Africa) from CDC Group PLC (CDC), for an aggregate purchase consideration of $ 554,600. In this regard, HCG Mauritius, HCG Africa, CDC and the Company (jointly referred to as ‘Parties’) have entered into an Exit Agreement on September 30, 2021 (Exit Agreement), for the transfer of Sale Shares from CDC to HCG Mauritius, to be effective from October 01, 2021.
Pursuant to the completion of acquisition of Sale Shares from CDC, HCG Africa has become a wholly owned subsidiary of HCG Mauritius, effective from October 01, 2021. Prior to this acquisition, HCG Mauritius was holding 92% in HCG Africa.
HealthCare Global Enterprises (HCG) is Bangalore based provider of speciality healthcare in India focused on cancer and fertility. It operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed. It also operates fertility centres under the ‘Milann’ brand.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7699.05 |
| Max Healthcare Inst | 1006.90 |
| Narayana Hrudayalay | 1825.55 |
| Aster DM Healthcare | 688.30 |
| Global Health | 1089.55 |
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