Chennai, Aug. 28 -- The share prices of eye care major Dr. Agarwal's Eye Hospitals Ltd (AEHL) went down drastically today after the group's announcement of merging Dr. Agarwal's Health Care Ltd (AHCL) with the former.
Dr.Agarwal's group made the merger announcement on Wednesday late evening.
The shares of AEHL today opened at Rs.4,900. The previous closing price was Rs.5,145.65.
Later the shares changed hands in the price band of Rs.4,400.
Similarly the share prices of AHCL too went down after opening at Rs.459 to trade at around Rs.430.
On Wednesday, the Boards of Directors of the two companies at their respective meetings approved the scheme of amalgamation of the two companies.
The Scheme is subject to the requisite approvals from ...