Trident Lifeline Acquires 51% Stake in Trident Mediquip, Gains Step-down Subsidiary

Team Finance Saathi

04/Feb/2025

What's covered under the Article:

Trident Lifeline completes 51% acquisition of Trident Mediquip.
T-Med Biovation becomes a step-down subsidiary.
Impact on business expansion in pharmaceuticals and medical equipment sectors.

Trident Lifeline Limited has successfully completed the acquisition of 51% stake in Trident Mediquip Limited (TML), as of February 4, 2025, at 09:32 AM. This acquisition involves the acquisition of a significant shareholding in TML, a company incorporated under CIN: U33309GJ2019PLC110421, and makes T-Med Biovation Private Limited (a wholly-owned subsidiary of TML) a stepdown subsidiary of Trident Lifeline Limited.

Transaction Details:

Acquiring Company: Trident Lifeline Limited (TLL)
Target Entity: Trident Mediquip Limited (TML)
Target Subsidiary: T-Med Biovation Private Limited
Completion Date: February 4, 2025
Percentage of Stake Acquired: 51% in TML, making T-Med a stepdown subsidiary.
Post-Acquisition Holding: T-Med Biovation becomes a wholly-owned subsidiary of TML, which is a subsidiary of TLL.

Acquisition Impact:

The strategic acquisition will allow Trident Lifeline to tap into the fast-growing pharmaceuticals and medical & surgical equipment markets. T-Med Biovation, which was incorporated in July 2020, is focused on pharmaceutical products. Although the company had a modest turnover over the past years, with Rs. 32,007 in the 2023-24 financial year, the acquisition is seen as a long-term investment in the healthcare sector.

Related Party Transaction:

The acquisition involves a related party transaction, as T-Med Biovation is a wholly-owned subsidiary of Trident Mediquip. The company’s promoters and board members also have interests in T-Med. Despite the related party status, the transaction is at arm’s length.

No Regulatory Approvals Required:

There were no additional regulatory approvals required for this acquisition, which is now officially completed.

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