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Metropolis to acquire Hitech Diagnostic to strengthen position in South India By IANS | Published on Mon, Jan 18 2021 14:42 IST | 0 Views Doctors.. Image Source: IANS News New Delhi, Jan 18 : Metropolis Healthcare, a leading diagnostic service provider announced that the Board of Directors has approved the acquisition of Dr. Ganesan s Hitech Diagnostic Centre Pvt. Ltd. (Hitech). Metropolis will acquire 100 per cent equity of Dr. Ganesan s Hitech Diagnostic Centre Pvt. Ltd. in a combination of cash and stock deal. The 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. ....