Atul Healthcare Ltd (AHCL), a Whollyowned subsidiary company of Atul Ltd, has entered into a binding Shareholders' Agreement with Valsad Institute of Medical Sciences Ltd (VIMS) and its existing shareholders which comprise medical doctors and their relatives / associates.

The agreement provides for acquisition of 13,50,000 equity shares of Rs. 100 each constituting 50% of the total equity share capital at an issue price of Rs. 166.67 per equity share of VIMS by AHCL and other terms and conditions.

Atul will be investing in the said equity shares of AHCL to complete the above transaction.

The company is setting up a modern multi-specialty and super specialty NABH compliant 200 bed hospital in Valsad district.