NSEAcquisition2d ago · 17 Aug 2026, 09:45 pm

Acquisition

Manipal Health Enterprises Limited · MANIPALHOS

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Manipal Health Enterprises Limited has signed a Business Transfer Agreement with Kindorama Healthcare Private Limited to acquire the entire operations of Kinder Women's Hospital and Fertility Centre in Bengaluru, Karnataka, for a consideration of INR 130 crore.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Manipal Health Enterprises Limited has informed the Exchange about Business Transfer Agreement with Kindorama Healthcare Private Limited ( Seller ) on August 17, 2026 ( BTA ), for acquiring the entire operations of the Kinder Women s Hospital and Fertility Centre, situated in Doddanekundi Industrial Area, Bengaluru, Karnataka.

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9632000477_17082026214510_BTA.pdf

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Date: August 17, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, 20th Floor, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai - 400001. NSE Scrip Symbol: MANIPALHOS BSE Scrip Code: 544847 Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Ma’am, Pursuant to Regulation 30 of the Listing Regulations, we wish to inform you that the Company has signed Business Transfer Agreement with Kindorama Healthcare Private Limited (“Seller”) on August 17, 2026 (“BTA”), for acquiring the entire operations of the Kinder Women’s Hospital and Fertility Centre, situated in Doddanekundi Industrial Area, Bengaluru, Karnataka. The completion of the business transfer is subject to fulfilment of conditions precedents stipulated in the BTA. The details and disclosures as required under the Listing Regulations read with SEBI master circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 is enclosed as Annexure A. This information will be uploaded on the website of the Company also and can be accessed using the link: https://www.manipalhospitals.com This intimation is being submitted for your information and records. Kindly take the same on record. Thank you. For Manipal Health Enterprises Limited (formerly known as Manipal Health Enterprises Private Limited) Sathish K R Company Secretary and Compliance Officer Membership No.: A15203 MHE-Public Annexure A Sl No. Particulars Details 1. Name of the target entity, details in brief such as Kinder Women’s Hospital and Fertility size, turnover etc.; Centre, situated in Doddanekundi Industrial Area, Bengaluru, Karnataka (“Kinder Hospital”) which is owned by Kindorama Healthcare Private Limited. Revenue from operations as of March 31, 2026 was INR 20,74,95,999.28 (Indian Rupees Twenty Crores Seventy Four Lakhs Ninety Five Thousand Nine Hundred Ninety Nine and Twenty Eight Paise). 2. Whether the acquisition would fall within No. related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3. Industry to which the entity being acquired Healthcare services belongs 4. Objects and impact of acquisition (including but The acquisition is allied to the current not limited to, disclosure of reasons for business and would result in growth acquisition of target entity, if its business is opportunities in line with the strategic outside the main line of business of the listed directions of the Company. entity 5. Brief details of any governmental or regulatory The transaction is subject to certain approvals required for the acquisition statutory and customary approvals primarily related to change of ownership of Kinder Hospital. 6. Indicative time period for completion of the Within 90 (ninety) days of execution. acquisition 7. Consideration - whether cash consideration or Cash consideration. share swap or any other form and details of the same 8. Cost of acquisition and/or the price at which the INR 130,00,00,000 (Indian Rupees One shares are acquired Hundred and Thirty Crores) for asset acquisition. This does not entail acquisition of ‘shares’. 9. Percentage of shareholding / control acquired Company is acquiring entire business and / or number of shares acquired operations and assets of Kinder Hospital. MHE-Public 10. Brief background about the entity acquired in Kinder Hospital was commissioned in terms of products/line of business acquired, date 2022, and has current capacity of 100 beds. of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). MHE-Public