Hector Asia Acquires Majority Stake in Healthcare Global
By Ankur Chandra | Published at: Jun 2, 2025 06:02 PM IST
Singapore-based Hector Asia Holdings II Pte. Ltd. has officially acquired a controlling stake in HealthCare Global Enterprises Limited, purchasing a total of 7.19 crore equity shares equivalent to approximately 51.59% of the total share capital of the company during the open offer period.
Key Transaction Details
| Acquirer / PAC | Entity | No. of Shares Acquired | Stake (%) | Mode | Price per Share |
|---|---|---|---|---|---|
| Hector Asia Holdings II Pte. Ltd. | Acquirer | 7,16,77,991 | ~51.41% | Off-market | ₹445 |
| KIA EBT II Scheme I | PAC 3 | 2,50,044 | ~0.18% | Off-market | ₹445 |
| Total | — | 7,19,28,035 | ~51.59% | — | — |
The shares were acquired from Aceso Company Pte. Ltd. through an off-market transaction executed on May 30, 2025, in accordance with SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011.
PACs Involved
The transaction includes the following persons acting in concert (PACs) with Hector Asia Holdings II Pte. Ltd.:
- Hector Asia Holdings I Pte. Ltd.
- KKR Asia IV Fund Investments Pte. Ltd.
- KIA EBT II Scheme I
All entities were disclosed in the public announcement dated February 23, 2025, and the detailed public statement dated March 1, 2025.
Strategic Implication
The acquisition signals Hector Asia’s intent to take a significant role in shaping the strategic direction of HCG, one of India’s largest oncology-focused healthcare providers. This majority control paves the way for board restructuring, operational realignments, and potential expansion initiatives backed by global capital.
Next Steps
The open offer, public disclosures, and shareholding pattern adjustments are expected to be completed in compliance with SEBI norms, with the post-acquisition shareholding of the acquirer and PACs now reflecting a controlling 51.59% stake in HCG. This acquisition positions HCG for a new growth phase, potentially driving both operational scale and international collaboration under the stewardship of Hector Asia Holdings.
REF: https://nsearchives.nseindia.com/corporate/team_sandeshc_02062025103623_Regulation.pdf
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