Vedanayagam Hospital acquires 72.17% stake in Shiva Texyarn

22 Feb 2022 , 02:50 PM

Vedanayagam Hospital Private Limited has acquired 30,50,146 no. of equity shares of Shiva Texyarn Limited on February 21, 2022, thereby constituting 72.17% in aggregate of the Paid-up Share Capital of the Company.

Due to the said acquisition, Vedanayagam Hospital has become the holding company of Shiva Texyarn Limited w.e.f. February 21, 2022. Prior to the said acquisition M/s. Shiva Texyarn Limited was an Associate Company of Vedanayagam Hospital.

At around 2.54 pm, Shiva Texyarn Ltd was trading at Rs204.50 per share down by Rs7 or 3.31% from its previous closing of Rs211.50 per share on the BSE.