Sangani Hospitals Limited has successfully completed the acquisition of a 55% stake in Sadbhavna Hospital and Medical Research Centre Private Limited, marking a strategic expansion in the healthcare segment.
The acquisition, executed pursuant to a previously announced Share Subscription and Shareholders’ Agreement, involves a total consideration of ₹18.81 crore, paid in cash. With the completion of the transaction, Sadbhavna Hospital has become a subsidiary of Sangani Hospitals.
As part of the deal, Sangani Hospitals acquired 12,223 equity shares at a price of ₹15,390 per share, representing 55% of the issued and paid-up share capital of the target company.
Sadbhavna Hospital and Medical Research Centre, incorporated in January 2024, operates in the healthcare sector and reported a turnover of ₹165.93 lakh for FY 2024–25. The company has an authorized share capital of ₹2 crore.
The acquisition aligns with Sangani Hospitals’ core business objectives and is expected to strengthen its presence in the healthcare services space by expanding its operational footprint.
The company clarified that the transaction does not fall under related party transactions and has been carried out at arm’s length. No regulatory approvals were required for the completion of the acquisition.
This move underscores Sangani Hospitals’ strategy to scale its healthcare network and enhance service capabilities through targeted acquisitions.