Shalby gains on acquiring majority stake in Sanar International hospitals
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Shalby is currently trading at Rs. 309.45, up by 5.25 points or 1.73% from its previous closing of Rs. 304.20 on the BSE.
The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 317.80 and Rs. 306.80 respectively. So far 48446 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 329.50 on 18-Dec-2023 and a 52 week low of Rs. 114.35 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 313.30 and Rs. 287.80 respectively. The current market cap of the company is Rs. 3344.52 crore.
The promoters holding in the company stood at 74.12%, while Institutions and Non-Institutions held 4.62% and 21.26% respectively.
Shalby has made a strategic investment in Sanar International hospitals (PK Healthcare) with an acquisition of 87.26% equity stake for a consideration of around Rs 102 crore. This equity stake will be acquired within a period of one month, through primary infusion and secondary buy?outs. The investment is in line with Shalby’s strategy to accelerate its presence in the Delhi/NCR region with the vision to scale up international business and also to consolidate its presence in Northern part of India.
With this acquisition, Sanar International hospitals will be able take advantage of Shalby’s global presence and leadership in Orthopaedics. Shalby will be able to serve its patients from international market and northern part of India, which will help to accelerate the revenue of the group.
Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa
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