Dr. Agarwal's AHCL and AEHL Boards Approve Merger Plan

The plan to combine these separately listed businesses under the Dr. Agarwal's Group has been accepted by the boards of directors of Dr. Agarwal's Health Care Limited (AHCL) and Dr. Agarwal's Eye Hospital Limited (AEHL). The Scheme is contingent upon the necessary approvals from the AHCL and AEHL shareholders as well as the relevant regulatory clearances.

In addition to bringing together important complementary elements between the two organizations, the combined company is well-positioned to generate substantial value for a range of stakeholders, including the patients, staff, and shareholders of each company. Through streamlined processes and quick decision-making, the merger will combine the operations of AHCL and AEHL into a single company, resulting in operational and financial efficiencies.

"The merger is a significant strategic milestone in the Group's journey and will help unlock the full potential of the merged businesses," stated Dr. Adil Agarwal, CEO of Dr. Agarwal's Health Care Limited, in a statement following the announcement of the merger. This long-awaited step toward developing a more straightforward and effective group structure demonstrates our dedication to generating substantial long-term value for our stakeholders.

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“We have been working diligently towards this milestone and, as committed to each of you, remain determined to complete the merger process at the earliest. We firmly believe that the approved swap ratio is fair, balanced, and in the best interests of all stakeholders, laying a strong foundation for the next phase of our growth.”