Dr. Lal Pathlabs To Acquire Satya Pathology
Dr. Lal Pathlabs Limited Has Informed That The Board Of Directors Of The Company's Subsidiary Paliwal Diagnostics Private Limited, at their meeting approved the acquisition of a Proprietorship Concern. i.e. "Satya Pathology and Diagnostic Centre".
|1||Name of the target entity, details in brief such as size, turnover etc.|
Name: Satya Pathology andDiagnostic Centre ("SPDC")
Turnover: As detailed in Point No. 10
|2||Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arms length";||No, the transaction is not a related party transaction.|
|3||Industry to which the entity being acquired belongs.||Healthcare/ Diagnostics|
|4||Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);||The Company's Subsidiary PaliwalDiagnostics Private Limited ("PDPL") has decided to acquire 100% stake in SPDC with the objective of strengthening its presence in the market.|
|5||Brief details of any governmental or regulatoryapprovals required for the acquisition||No government approvals required|
|6||Indicative time period for completion of the acquisition||Within 6 month|
|7||Nature of consideration - whether cash consideration or share swap and details of the same||Cash|
|8||Cost of acquisition or the price at which the shares are acquired||Not exceeding INR 2 Crores|
|9||Percentage of shareholding/control acquired and/or number of shares acquired;||Complete Control|
|10||Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information|
SPDC is a sole-proprietorship firmbased out of Kanpur.
Turnover for SPDC for the last three financial years (Amount in INR Crores):
FY15 —INR 1.24 Cr.
FY16 — INR 1.28 Cr.
FY17 — INR 1.46 Cr.