📈 Dialog Cedes Doc990 Control as Sunshine Healthcare Buys Stake for Rs. 410.8 Mn

Dialog Axiata PLC has reduced its controlling stake in Digital Health Ltd. (operator of Doc990), valuing the platform at Rs. 1.87 Bn at Rs. 83.31 per share. • Transaction Breakdown: • Sunshine Healthcare Lanka acquired a 21.92% stake for Rs. 410.8 Mn (16.65% from Dialog for Rs. 312.2 Mn + 5.26% from Durdans Hospital for Rs. 98.7 Mn). • Nawaloka Hospitals exercised its right of first refusal, acquiring 3.35% from Dialog for Rs. 62.7 Mn. • Post-Deal Shareholding Structure: • Dialog Group: Holding drops from 64.66% to 44.66% (Digital Holdings Lanka at 27.57% and Dialog Innovation Fund at 17.09%). Doc990 ceases to be a subsidiary and becomes an associate entity. • Sunshine Healthcare: Becomes the second-largest shareholder with 21.92%. • Nawaloka Hospitals: Stake increases from 8.77% to 12.12%. • Asiri Hospital Holdings (13.33%) and Aartiz Technologies (7.98%) retain their existing stakes. • Ceylon Hospitals (Durdans): Completely exits Digital Health. • Strategic Impact: Integrates Doc990's digital health & ICT capabilities with Sunshine’s extensive presence across pharmaceuticals, distribution, and healthcare retail to drive growth and sector diversification.