Healthcare Global Enterprises Limited — Important, 09-11-2024: Memorandum of Understanding/Agreements

HealthCare Global Enterprises Limited has executed a Business Transfer Agreement to acquire the oncology business of its wholly owned subsidiary, HCG NCHRI Oncology LLP, located in Nagpur. The acquisition is valued at up to INR 25 Crores and is expected to enhance business synergies within the healthcare sector. The acquisition will be effective from December 01, 2024, and involves a cash consideration based on the business's financial performance, with no regulatory approvals required.