QMS Medical Allied Services Limited (NSEI:QMSMEDI) signed a binding term sheet to acquire 51% stake in Saarathi Healthcare Private Limited from Ranjeeta Vinil for approximately INR 180 million on October 30, 2023. QMS Medical Allied Services Limited (NSEI:QMSMEDI) entered into share purchase agreement to acquire 51% stake in Saarathi Healthcare Private Limited from Ranjeeta Vinil for approximately INR 180 million on February 15, 2024. QMS Medical Allied Services Limited intends to acquire 100% stake in Saarathi Healthcare Private Limited in tranches.

Saarathi Healthcare Private Limited reported revenue of INR 599 million on Financial Year 2022-23.