Aspira Pathlab & Diagnostics Limited has announced a board meeting on the acquisition of 100% stake in its associate Aspira DNA Diagnostics Gujarat LLP, followed by striking off the LLP.

The company executed a Business Transfer Agreement to acquire all assets and liabilities of the LLP in a related party transaction at arm’s length price.

The LLP contributed about Rs. 1.15 crore in revenue last year, accounting for 5.23% of the company’s turnover, with a net worth deficit of Rs. 4.3 lakh.

The consideration for the acquisition is approximately Rs. 16 lakh, and completion is expected in three months.

This move consolidates related operations to streamline business.