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Narayana Hrudayalaya inks BTA to transfer business of operating clinics

24 Mar 2023 Evaluate

Narayana Hrudayalaya (NHL) has signed and entered into a Business Transfer Agreement (BTA) on March 24, 2023 to transfer its business of running and operating few clinics situated in Bangalore and Hosur as a 'going concern' on slump sale basis to NH Integrated Care, wholly owned subsidiary company (Buyer). The BTA was executed amongst the parties with an agreed consideration of Rs 10 crore subject to adjustment of the price to reflect the value of assets and goods to be transferred on the effective date being close of business hours on March 31, 2023.

Pursuant to the BTA, the Clinics of NHL situated at Electronic City, Sarjapur, Jayanagar, Langford Town and Manipal County Road within the jurisdiction of Bangalore and a Clinic situated in Hosur, Tamil Nadu shall be transferred to NH Integrated Care on the proposed effective date being close of business hours on March 31, 2023. The date of completion of Sale is subject to certain conditions precedents as mutually agreed with the Parties.

Narayana Hrudayalaya is one of the leading private healthcare service providers in India, operating a chain of multispecialty, tertiary and primary healthcare facilities.

Narayana Hrudayalay Share Price

1799.35 25.60 (1.44%)
17-Apr-2026 11:39 View Price Chart
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