Unihealth Hospitals

Unihealth Hospitals Limited to Increase Stake in Victoria Hospital Limited to 99.81% Through Strategic Share Swap Transaction.

Unihealth Hospitals Limited to Increase Stake in Victoria Hospital Limited to 99.81% Through Strategic Share Swap Transaction.

Mumbai (Maharashtra) [India], July 6:  Unihealth Hospitals Limited (NSE: UNIHEALTH | INE0PRF01011), an integrated healthcare delivery platform operating across India and East Africa, today announced that its Board of Directors has approved the acquisition of an additional 49.81% equity stake in Victoria Hospital Limited (“VHL”), Uganda, through a strategic share swap transaction.  Upon completion of the transaction and receipt of requisite shareholder and regulatory approvals, UniHealth’s shareholding in Victoria Hospital Limited will increase from 50.00% to 99.81%, making Victoria Hospital an almost wholly owned subsidiary of the Company.  The proposed acquisition marks a significant strategic milestone in UniHealth’s international growth strategy by consolidating ownership…
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Unihealth Hospitals Announces Strategic Share Swap to Increase Stake in Uganda’s Victoria Hospital

Unihealth Hospitals Announces Strategic Share Swap to Increase Stake in Uganda’s Victoria Hospital

Mumbai (Maharashtra) [India], June 16: Unihealth Hospitals Limited (NSE: UNIHEALTH | INE0PRF01011), an integrated healthcare services provider listed on NSE Emerge, today announced that it proposes to increase its stake in Victoria Hospital Limited (“Victoria Hospital”), a healthcare company incorporated in Uganda, through a strategic share-swap arrangement with the existing shareholders of Victoria Hospital.  Unihealth presently holds 50% equity in Victoria Hospital Limited, with the remaining 50% being held by its partners based in Uganda. Under the proposed transaction, Unihealth intends to acquire additional ordinary shares of Victoria Hospital Limited from its partners by issuing equity shares of Unihealth to…
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