HealthCare Global Enterprises surges as its arm acquires stake in HCG Africa

04 Oct 2021 Evaluate

Healthcare Global Enterprises is currently trading at Rs. 248.45, up by 3.25 points or 1.33% from its previous closing of Rs. 245.20 on the BSE.

The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 252.95 and Rs. 245.00 respectively. So far 12123 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 274.45 on 21-Sep-2021 and a 52 week low of Rs. 116.30 on 19-Oct-2020.

Last one week high and low of the scrip stood at Rs. 255.00 and Rs. 237.00 respectively. The current market cap of the company is Rs. 3117.86 crore.

The promoters holding in the company stood at 68.41%, while Institutions and Non-Institutions held 16.11% and 15.48% respectively.

HealthCare Global Enterprises’ subsidiary company -- HCG (Mauritius) has acquired 86,568 Preferred B Shares of Healthcare Global (Africa) (HCG Africa) from CDC Group PLC (CDC), for an aggregate purchase consideration of $ 554,600. In this regard, HCG Mauritius, HCG Africa, CDC and the Company (jointly referred to as ‘Parties’) have entered into an Exit Agreement on September 30, 2021 (Exit Agreement), for the transfer of Sale Shares from CDC to HCG Mauritius, to be effective from October 01, 2021.

Pursuant to the completion of acquisition of Sale Shares from CDC, HCG Africa has become a wholly owned subsidiary of HCG Mauritius, effective from October 01, 2021. Prior to this acquisition, HCG Mauritius was holding 92% in HCG Africa.

HealthCare Global Enterprises (HCG) is Bangalore based provider of speciality healthcare in India focused on cancer and fertility. It operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed. It also operates fertility centres under the ‘Milann’ brand.

HealthcareGlobal Share Price

498.45 -0.15 (-0.03%)
15-Jan-2025 16:59 View Price Chart
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