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PharmEasy to acquire 66 pc stake in Thyrocare for Rs 4,546 crore


New Delhi [India], June 26 (ANI): Digital medicine delivery store PharmEasy will acquire 66.1 per cent stake in diagnostic chain Thyrocare for Rs 4,546 crore.
API Holdings Ltd, the parent company of PharmEasy, announced the signing of definitive documents to acquire 66.1 per cent stake in Thyrocare from Dr A Velumani and affiliates at a price of Rs 1,300 per share.
We will provide a world-class customer experience in diagnostics rivalling our pharmacy experience by leveraging technology, and building on top of the massive scale and truly pan-India presence of Thyrocare, said 32-year-old Siddharth Shah, Co-founder and CEO of API Holdings.
It is our aim to deliver all out-patient healthcare products and services to every Indian within 24 hours, he said. ....

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