New Delhi, July 6 -- Unihealth Hospitals share price was locked in the 5% upper circuit on Monday, July 6, after the company announced that its Board of Directors had approved the acquisition of an additional 49.81% equity stake in Victoria Hospital Limited (VHL), Uganda, through a strategic share swap transaction, according to the company's exchange filing.

As per the filing, upon completion of the transaction and receipt of the necessary shareholder and regulatory approvals, Unihealth Hospitals' stake in Victoria Hospital will increase from 50% to 99.81%, making the Ugandan healthcare provider an almost wholly owned subsidiary.

The company said the acquisition marks a significant milestone in its international expansion strategy by co...