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Rainbow Children's Medicare completes acquisition of target company

July 1, 2025 at 07:07 PM UTCBy FilingReader AI

Rainbow Children's Medicare Limited (BSE:RAINBOW) announced today that it has successfully completed the acquisition of Prashanthi Medicare Private Limited ("Target Company") as of July 1, 2025. The acquisition, initially announced on June 28, grants Rainbow Children's Medicare a 76% stake in the fully diluted equity share capital and 100% ownership of Non-Convertible Redeemable Preference Shares (NCRPS) of the Target Company. As a result of this transaction, the Target Company now becomes a subsidiary of Rainbow Children's Medicare Limited. The company affirmed that this acquisition adheres to the Companies Act, 2013 and SEBI Listing Regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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