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Vedanayagam Hospital acquires 72.17% stake in Shiva Texyarn

22 Feb 2022 Evaluate

Vedanayagam Hospital has acquired 30,50,146 equity shares of Shiva Texyarn on February 21, 2022, thereby constituting 72.17% in aggregate of the Paid-up Share Capital of the company. Due to the said acquisition, Vedanayagam Hospital has become the Holding Company of Shiva Texyarn. Also, prior to the said acquisition Shiva Texyarn was an associate ompany of Vedanayagam Hospital.

Shiva Texyarn is engaged in the manufacturing and marketing of cotton yarn and other textile products.

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