India's Vijaya Diagnostic Centre extends gains on acquisition

Vijaya Diagnostic Centre

20/12/2023 06:10

** Shares of Vijaya Diagnostic Centre  VIJA.NS  rise as much
as 7.41% to 675 rupees, a two-week high
    ** Diagnostics services provider's shares up about 8% in two
sessions
    ** Rise after the company approved acquisition of P H
Diagnostic Centre for 1.35 bln rupees, post market hours on
Tuesday
    ** P H Diagnostic is Pune's largest business-to-consumer
(B2C) integrated diagnostic chain, with a revenue of 416.3 mln
rupees is fiscal 2023
    ** Stock up nearly 52% in 2023 so far, including session's
gains, on course for best yearly performance since listing in
2021

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))