Categories: AllStartups

PharmEasy to acquire 66% stake in Thyrocare Tech for Rs 4,546 Cr

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What is the news?

PharmEasy’s parent company API Holdings has signed final paperwork acquiring a 66.1 percent ownership in the Thyrocare Technologies Pvt Ltd from Dr. A Velumani and affiliates, for a price of Rs 1,300 each share, totaling Rs. 4.546 Cr. The acquisition is subject to regulatory and other customary approvals required.

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Further information

“We are thrilled to be collaborating with Thyrocare,” stated Siddharth Shah, CEO of API Holdings. We deliver a world-class diagnostic customer experience, rivaling our pharmaceutical experience with technological leverage and creating Thyrocare in a large-scale and truly pan-Indian presence. Our goal is to offer all ambulatory health goods and services within 24 hours to every Indian.”

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