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Kaya Ltd, the skincare firm has acquired majority “beneficial interest” for an undisclosed amount in UAE’s Minal Medical Centre and Minal Specialized Clinic Dermatology.
The company has said in a BSE filing that “Kaya Middle East, DMCC, a foreign subsidiary of Kaya Ltd has entered into an agreement dated September 8, 2016 for acquiring 75 percent beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah. However, the agreement will become effective on fulfilling of certain conditions precedent and obtaining the requisite statutory approval/s, which will take approximately 4 months.”
Kaya Ltd has said that “This acquisition will further strengthen company’s network of clinics in the UAE region and add new set of customers to our existing base in the region. With its special expertise in body contouring, it would help Kaya in leveraging across the region.”
