Shifa International Hospitals Limited has successfully completed the merger with Shifa Medical Centre Islamabad (Pvt.) Limited, resulting in the crediting of shares to eligible shareholders of SMCI.
- The merger was sanctioned by the Islamabad High Court as part of a Scheme of Arrangement.
- A total of 78,860 ordinary shares of Shifa International Hospitals have been credited to the accounts of eligible SMCI shareholders.
- The share capital of Shifa International Hospitals increased from PKR 632,143,830 to PKR 632,932,430 following this allotment.
- The swap ratio for the merger was set at 1 ordinary share of SMCI for every 0.032 shares of SIHL.
- As a result of the merger, Shifa Medical Centre Islamabad has been dissolved without winding up.
- This marks the completion of all requisite corporate and legal formalities for the merger.