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PharmEasy to acquire 66.1 percent stake in Thyrocare for Rs 4546 crore
Chennai: API Holdings, the parent company of digital healthcare brand, PharmEasy, announced on Friday that it has entered into a definitive agreement, acquiring a 66.1 percent stake in Thyrocare from Dr. A Velumani and affiliates for Rs 1,300 per share, totaling Rs 4,546 crores.
This is happened when the dynamic 32-year-old Siddharth Shah, Co-founder & CEO of API Holdings, met with 62-year-old, diagnostic services veteran Dr. A Velumani, Chairman of Thyrocare in monsoon drenched Lonavala over masala chai at the Thyrocare Chairman's residence and a landmark deal was struck in record time.
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751