HealthcareGlobal Enterprises has informed that the existing business of the Company at Nashik, Maharashtra, being operated under the name Curie Manavata Cancer Centre, along with Dr.Rajnish V. Nagarkar (Dr Nagarkar), a reputed surgical oncologist, has been transferred into a separate legal entity by name HCG Manavata Oncology LLP (LLP), vide Business Transfer Agreement (Agreement) dated 22nd March 2017, executed by and between the Company and Dr. Nagarkar with LLP. Pursuant to the Agreement, the businesses of Curie Manavata Cancer Centre at Nashik (CMCC) and that of Dr. Nagarkar have been consolidated and transferred as a going concern, on a slump sale basis, with effect from March 01, 2017. The consolidation of businesses of CMCC and that of Dr. Nagarkar, transferred by the respective parties to the LLP under the Agreement, shall enable the LLP to look at further expansion of operations in that geography. This LLP shall conduct operations in Nashik under the brand HCG Manavata Cancer Centre.
The above information is a part of company’s filings submitted to BSE.