Vijaya Diagnostic Centre rises on completing acquisition of 100% stake in P H Diagnostic Centre
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Vijaya Diagnostic Centre is currently trading at Rs. 653.70, up by 6.60 points or 1.02% from its previous closing of Rs. 647.10 on the BSE.
The scrip opened at Rs. 650.70 and has touched a high and low of Rs. 658.80 and Rs. 643.45 respectively. So far 4814 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 685.45 on 05-Dec-2023 and a 52 week low of Rs. 349.50 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 684.00 and Rs. 612.80 respectively. The current market cap of the company is Rs. 6620.39 crore.
The promoters holding in the company stood at 54.90%, while Institutions and Non-Institutions held 39.32% and 5.78% respectively.
Vijaya Diagnostic Centre has completed the acquisition of 100% stake by way of purchase of equity shares from its existing shareholders of P H Diagnostic Centre on December 21, 2023 for a cash consideration and as per the terms and conditions of the Share Purchase Agreement entered between the Company, P H Diagnostic Centre and the sellers. Post completion of the said acquisition, P H Diagnostic Centre has become a wholly-owned subsidiary (WOS) of the Company with effect from December 21, 2023.
The company is one of the fastest-growing diagnostic chains in Southern India. It offers a one-stop solution for pathology and radiology testing services.
