EQS Group-Ad-hoc: HBM Healthcare Investments AG / Key word(s): Acquisition
Tata Digital to acquire majority stake in HBM portfolio company 1mg, India's leading digital healthcare platform
10-Jun-2021 / 17:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
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HBM Healthcare Investments announced today, that Tata Digital, a fully-owned subsidiary of Tata Sons Private Limited,
to acquire a majority stake of its privately held portfolio company 1mg.
HBM Healthcare Investment was one of the early backers of 1mg and invested in various financing rounds a total of CHF
17 million since May 2016. As part of the transaction with Tata Digital, which comprises a purchase of primary and
secondary shares by Tata Digital, HBM Healthcare Investments to sell about one quarter of its shareholding and will
continue to own a stake of about four percent in 1mg.
Founded in 2015, 1mg is a leading player in the eHealth space and enables easy & affordable access to a wide range of
products like medicines, health & wellness products, diagnostics services & tele-consultation to customers. The company
operates three state of the art diagnostics labs, has a supply chain covering over 20,000 pincodes across the country
and through its subsidiaries is also engaged in the business of B2B distribution of medicines & other healthcare
products.
Contact
For further information, please contact Dr Andreas Wicki on +41 41 710 75 77, or at andreas.wicki@hbmhealthcare.com.
About HBM Healthcare Investments
HBM Healthcare Investments invests in the healthcare sector. The Company holds and manages an international portfolio
of promising companies in the human medicine, biotechnology, medical technology and diagnostics sectors and related
areas. Many of these companies have their lead products already available on the market or at an advanced stage of
development. The portfolio companies are closely tracked and actively guided in their strategic direction. This is what
makes HBM Healthcare Investments an interesting alternative to investments in big pharma and biotechnology companies.
HBM Healthcare Investments has an international shareholder base and is listed on SIX Swiss Exchange (ticker: HBMN).
Disclaimer
The publication is for information purposes only and does not constitute an offer to sell or a solicitation to buy or
subscribe for securities. This news release does not constitute a prospectus within the meaning of Art. 35ff FinSA, or
securities prospectus in the sense of the German securities prospectus law. This news release and the information
contained therein is not intended for distribution to the United States of America (USA) or within the USA and may not
be distributed or forwarded to US persons (including legal persons) or to publications with a general distribution in
the USA. This news release is not an offer or solicitation to buy securities in the United States. HBM Healthcare
Investments AG's securities were not issued in accordance with the U.S. U.S. securities laws, and may not be sold,
offered for sale, or delivered in the U.S. or to U.S. individuals without prior registration or without a registration
exemption. Some information quoted was obtained from external sources HBM considers to be reliable. HBM cannot
guarantee the adequacy, accuracy, timeliness or completeness of or be held responsible or liable for errors of fact
regarding such data and information obtained from third parties, and this data may change with market conditions.
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End of ad hoc announcement
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Language: English
Company: HBM Healthcare Investments AG
Bundesplatz 1
6300 Zug
Switzerland
Phone: +41438887171
Fax: +41438887172
E-mail: info@hbmhealthcare.com
Internet: https://www.hbmhealthcare.com
ISIN: CH0012627250
Valor: 1262725
Listed: SIX Swiss Exchange
EQS News ID: 1206801
End of Announcement EQS Group News Service
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1206801 10-Jun-2021 CET/CEST
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(END) Dow Jones Newswires
June 10, 2021 11:47 ET (15:47 GMT)