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Poly Medicure gets nod to acquire PendraCare Group
Sep-04-2025

Poly Medicure has received approval to acquire Pendracare Holdings B.V. and Welling Medical B.V. through its Step-Down Subsidiary -- RisoR Holdings B.V. in Amsterdam, Netherlands. The board of directors of the company in their meeting held on September 3, 2025 have approved the same. The RisoR Holdings B.V. will enter into a Share Purchase Agreements (SPA) and other ancillary agreements with Welling Holdings B.V., Netherlands, for the purpose of acquisition of ordinary shares of Pendracare Holdings B.V. and Welling Medical B.V. (PendraCare Group). 

Post completion of acquisition, the company, through Risor Holding B. V. will own 90% of the Economic Rights in the PendraCare group. The Welling Medical B.V. and PendraCare Holding B.V. will become the step-down subsidiaries of the company.

Poly Medicure is one of the leading Medical Devices company and exporter in India.

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