Genpharmasec Limited (BSE:531592) signed a share purchase agreement to acquire an unknown stake in Derren Healthcare Private Limited from the existing shareholder for approximately INR 130 million on September 19, 2023. In a related transaction, Genpharmasec signed a share subscription cum shareholder?s agreement to subscribe stake in Derren Healthcare over a period of 1 year in phased manner. Consequenlly, Genpharmasec shall own 70% of the stake of Derren Healthcare. Derren Healthcare reported turnover of INR 7.2 million for the year ended March 31, 2023. The transaction is expected to complete within one year.

Genpharmasec Limited (BSE:531592) completed the acquisition of an unknown stake in Derren Healthcare Private Limited from the existing shareholder on March 11, 2024.