Multibagger Penny Stock Under Rs 30 Jumps After Acquiring a Majority Stake in Optimus Oncology Pvt Ltd
The stock gave multibagger returns of 330 per cent in 3 years and a whopping 1,750 per cent in 5 years.
PVP Ventures Limited has acquired a 56 per cent stake in Optimus Oncology Pvt Ltd. through binding agreements, outlining a roadmap to increase this stake to 76 per cent over the coming few years, contingent on specific milestones. This acquisition marks a significant step for PVP in establishing a technology-focused global Healthcare Services platform centred on Illness, Wellness, and Care. The initial transaction involves a combination of primary and secondary stake purchases, totalling approximately Rs 55 crore for the initial 56 per cent shareholding. Further investments will depend on achieving certain financial targets over the next few years.
Established in 2018, Optimus Oncology Pvt Ltd (OOPL) was founded by a team of Radiation Oncologists from Tata Memorial Hospital in Mumbai. OOPL partners with local hospitals to establish Oncology Centres, primarily serving patients in Tier 2 and Tier 3 cities and towns across India. With a current financial year EBITDA exceeding Rs 10 crore, OOPL is projected to reach an EBITDA of Rs 50 crore within the next 5 years, supported by PVP's investment. Currently operating centres in Dhule, Latur, Akola, and Solapur in Maharashtra, OOPL plans to expand within Maharashtra and into Gujarat and Madhya Pradesh, aiming to become a national oncology player.
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PVP Ventures Ltd, armed with a substantial legacy realty asset in Chennai and the strength of its group resources, is strategically venturing into India's burgeoning technology-enabled healthcare services market with a clear vision of long-term shareholder value creation. Demonstrating swift action towards its goal of establishing a technology-led portfolio of healthcare brands, PVP is actively pursuing growth through acquisitions and has already forged development agreements with prominent real estate developers like Brigade Enterprises Ltd and Casagrande Premier Builder Ltd to monetise its existing land holdings. Anticipating cash inflows exceeding Rs 2000 crore over the next six years from these realty developments, PVP is channelling these resources into the global healthcare services sector, positioning itself for significant leadership in the industry.
On Wednesday, shares of PVP Ventures Ltd jumped 6.61 per cent to Rs 29.19 per share from its previous closing of Rs 27.38 per share. The stock’s 52-week high is Rs 39.28 per share while its 52-week low is Rs 20.10 per share. The company has a market cap of Rs 737 crore. The stock gave multibagger returns of 330 per cent in 3 years and a whopping 1,750 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.