Sastasundar Ventures Ltd

Sastasundar Healthbuddy Announces Major Restructuring Plan 🔄

• Sastasundar Healthbuddy Limited (SHBL) receives in-principle board approval for restructuring process

• Restructuring may include merger or demerger of SHBL into holding company Health X Platform Limited

• Aims to create independent group structures for healthcare and financial services businesses

• Maintains shareholder economic interests subject to final valuation

• Restructuring contingent on Mitsubishi Corporation selling entire SHBL shareholding to Envision India Fund

• Independent valuer to be appointed for valuation process

• Final decision on restructuring to be made after valuation report

• Final approvals and implementation expected in next financial year after FY 25-26 accounts finalization