Thyrocare Technologies has made an additional equity investment of $25,000 (equivalent to Rs 21.98 lakh) in Thyrocare Laboratories (Tanzania) (the 'JV company'). Upon the allotment of shares by the JV company, the JV company will become a subsidiary of the Company. The JV company is engaged in providing diagnostic and healthcare services directly to customers in the United Republic of Tanzania.
The equity infusion in the JV company has been made to facilitate its business operations and working capital requirements. The JV company's business is similar to the company’s main line of business viz. diagnostic and healthcare services.
Thyrocare Technologies is India's first and most advanced Totally Automated Laboratory having its strong presence in several cities / towns in India and internationally.
