Tata Steel Acquires 100% Equity Stake in Medica TS Hospital
NewTimeSpace News: On March 31, 2026, Tata Steel announced that it has completed the acquisition of 100% equity stake in Medica TS Hospital in accordance with the terms of the Share Purchase Agreement signed on March 17.
It is reported that the underlying assets of this acquisition are from Manipal Hospitals Eastern India Private Limited, including 740,000 ordinary shares with a face value of 10 Indian Rupees each and 230,051,820 0.01% Optionally Convertible Redeemable Preference Shares, with a total transaction consideration of 14.9 million Indian Rupees.
According to the announcement, upon the completion of the acquisition, Tata Steel holds 100% of the ordinary and preference equity stakes in Medica TS Hospital, and Medica TS Hospital has officially become a wholly-owned subsidiary of Tata Steel.
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