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Indian Matchmaking star talks about finding love during COVID-19
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Vyasar Ganesan from Indian Matchmaking talks life post-show
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For consideration of Rs 511 croreMetropolis Healthcare announced that the Board of Directors has approved the acquisition of Dr. Ganesan s Hitech Diagnostic Centre (Hitech).
The acquisition will be a combination of cash and stock deal. The target entity is a debt free company. Cash consideration will be Rs. 511 crore and Metropolis will issue up to 4,95,000 equity shares of Face Value Rs.2/- each on preferential basis, subject to Shareholders approval, to
the Promoter Group of Hitech. The Cash consideration will be funded through internal accruals and Debt of up to Rs. 300 crore.
The acquisition will allow Metropolis to increase its B2C business in focus cities of Chennai and
Key benchmark indices are trading lower in early trade on selling pressure in index pivotals. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 228.47 points or 0.47% at 48,806.20. The Nifty 50 index was down 70.15 points or 0.49% at 14,363.55.
The S&P BSE Mid-Cap index was down 1.49%. The S&P BSE Small-Cap index was down 0.89%.
The market breadth, indicating the overall health of the market, is weak. On the BSE, 825 shares rose and 1315 shares fell. A total of 109 shares were unchanged.
Stocks in news:
HDFC Bank rose 1.17%. HDFC Bank reported 18.1% rise in net profit to Rs 8,758.29 crore on 4.1% increase in total income to Rs 37,522.92 crore in Q3 FY21 over Q3 FY20. Net interest income for the quarter ended 31 December 2020 grew by 15.1% to 16,317.6 crore from 14,172.9 crore for the quarter ended 31 December 2019, driven by advances growth of 15.6%, and a core net interest margin for the quarter of 4.2%.
At meeting held on 17 January 2021The Board of Metropolis Healthcare at its meeting held on 17 January 2021 has approved the following:
Increase in in limits available with the Company to provide loan, guarantee to any person or Body
Corporate or make investment in any Body Corporate under Section 186 of the Companies Act,
2013 from Rs.500 crore to Rs.1200 crore, subject to the approval of the shareholders.
Acquisition of entire 100% stake in Dr. Ganesan s Hitech Diagnostic Centre and its
subsidiary ( Hitech ) from its existing promoters / shareholders for a consideration to be discharged
partly by Cash and partly by issuance of equity shares of the Company.
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