Shalby gained 1.31% to Rs 162.40 after the company announced that it has entered into a definitive agreement to acquire certain assets from California- based Consensus Orthopedics, for a total cash consideration of $11.45 million.
The assets were acquired by Shalby Advanced Technologies Inc, a wholly owned subsidiary of Mars Medical Devices, which is a wholly owned subsidiary of Shalby. The announcement was made on Saturday, 15 May 2021.
The acquired assets are primarily comprised of inventory and plant and equipment. Product inventory includes knee systems, mobile bearing knee systems, hip systems and revision knee systems. The manufacturing plant and equipment consists of machining & finishing (60,000 components per annum), inspection (75,000-80,000 components per annum) and cleaning, packaging & sterilization (1,50,000 components per annum). The manufacturing site is USFDA certified and has ISO certification 13485:2016. In addition, an experienced team of over 40 consensus emplo
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Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 4.18 (22.35)
EPS (Rs) 0.01 0.39 9M FY 21 end 9M FY 20 end
Net Bank Borrowings (Rs in cr) 105.75 103.30
Debt Equity Ratio 0.40 0.39
Key Financial Indicators (Consolidated)
Free Cash Flow (Rs. In Cr) (Includes WC changes & Regroupings) 2.90 (1.54)
EPS (Rs.) (0.01) 0.45
9M FY 21 end 9M FY 20 end
Net Bank Borrowings (Rs in cr) 305.32 297.25
Debt Equity Ratio (excluding non-controlling interest) 0.81 0.76
Recent Recognitions for Zee Learn: Zee Learn selected as India s Most Admirable Education Brand 2020 by The Brand Story Zee Learn awarded as the Most Desired Brand in Education under the Diversified category, 2020 Zee Learn recognised as the Company of the Year 2020 by The CEO Story magazine in the COVID Special edition
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