Gian Life Care Limited (BSE:542918) agreed to acquire a 60% stake in Svasthyam Healthcare Private Limited on November 9, 2021. Under the terms, 60,000 equity shares of Svasthyam Healthcare Private Limited will be acquired for cash consideration. Balance 40% stake which is 40,000 Equity Shares shall be divested in next five years in trenches of 08.% per year. Transaction is expected to be complete by by November, 2021