{"id":2558,"date":"2016-09-11T14:08:15","date_gmt":"2016-09-11T14:08:15","guid":{"rendered":"https:\/\/sunkrish.com\/?p=2558"},"modified":"2017-01-11T07:07:54","modified_gmt":"2017-01-11T07:07:54","slug":"kaya-acquires-beneficial-interest-in-2-uae-skincare-firms","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/09\/11\/kaya-acquires-beneficial-interest-in-2-uae-skincare-firms\/","title":{"rendered":"Kaya acquires \u201cbeneficial interest\u201d in 2 UAE skincare firms"},"content":{"rendered":"<p><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/09\/11\/kaya-acquires-beneficial-interest-in-2-uae-skincare-firms\/download-2-4\/\" rel=\"attachment wp-att-2560\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-3069 size-full\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-2-3.jpg\" width=\"240\" height=\"160\" \/><\/a><\/p>\n<p>Skincare firm Kaya Ltd today said it has acquired majority \u201cbeneficial interest\u201d in UAE\u2019s Minal Medical Centre and Minal Specialized Clinic Dermatology for an undisclosed sum.<\/p>\n<p>\u201cKaya Middle East, DMCC, a foreign subsidiary of Kaya Ltd has entered into an agreement dated September 8, 2016 for acquiring 75 per cent beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.<\/p>\n<p>\u201cHowever, the agreement will become effective on fulfilling of certain conditions precedent and obtaining the requisite statutory approval\/s, which will take approximately 4 months,\u201d the company said in a BSE filing.<\/p>\n<p>It further said: \u201cThe above said entities carry out business of skincare, body and hair services and reported revenue of Arab Emirate Dirham (AED) 11.17 million (around Rs 20.26 crore), as per the audited financial statements for the year ended December 31, 2015.\u201d<\/p>\n<p>Kaya Ltd said: \u201cThis acquisition will further strengthen company\u2019s 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.\u201d<\/p>\n<p>With this acquisition, the total network of Kaya\u2019s clinics in the Middle East region would increase to 23.<\/p>\n<p>Source: <a href=\"http:\/\/www.financialexpress.com\/companies\/kaya-acquires-beneficial-interest-in-2-uae-skincare-firms\/372083\/\" target=\"_blank\">http:\/\/www.financialexpress.com\/companies\/kaya-acquires-beneficial-interest-in-2-uae-skincare-firms\/372083\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skincare firm Kaya Ltd today said it has acquired majority \u201cbeneficial interest\u201d in UAE\u2019s Minal Medical Centre and Minal Specialized Clinic Dermatology for an undisclosed sum. \u201cKaya Middle East, DMCC, a foreign subsidiary of Kaya Ltd has entered into an &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2016\/09\/11\/kaya-acquires-beneficial-interest-in-2-uae-skincare-firms\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,497,493,5],"tags":[330,305,304,302,294,495,347,307],"class_list":["post-2558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-bse","tag-economy","tag-foreign-direct-investment","tag-international","tag-investment","tag-joint-ventures","tag-mergers-acquisitions-ma","tag-uae"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=2558"}],"version-history":[{"count":5,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2558\/revisions"}],"predecessor-version":[{"id":3070,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2558\/revisions\/3070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3069"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=2558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=2558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=2558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}