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- Important
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Jupiter Life Line Hospitals is merging its wholly-owned subsidiary, Medulla Healthcare, to simplify group structure and reduce costs. The merger aims to enhance scale, management efficiency, and financial strength, boosting shareholder value. Since Medulla is fully owned, there’s no share dilution; Jupiter’s shares in Medulla will be cancelled. The move is mostly about operational streamlining, as Medulla’s financials are small compared to Jupiter’s.