Metropolis (India) eyes 60% stake in London path lab chain
Mumbai-based Metropolis Health Services, which operates one of India’s largest path lab chains with over 45 facilities, is in advanced talks to acquire a 60% stake in a London-based path lab chain. The target company, it is learnt, operates eight path laboratories across the UK. It is learnt that the Rs 100-crore (US$ 25 mn) Metropolis will shortly start the due diligence exercise and the deal could close as early as December. The deal size is pegged at around
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