Oscar Investments Ltd. (BSE:501179) agreed to acquire the remaining 93.9% stake in HealthFore Technologies Limited (BSE:533525) from RHC Holding Private Limited and others for approximately INR 280 million on December 14, 2015. As per the scheme of amalgamation, shareholders of HealthFore Technologies Ltd. will receive 3 shares of Oscar Investments Ltd. for every 20 shares held in HealthFore Technologies Ltd. Pursuant to this scheme, the combined entity will be renamed as HealthFore Technologies Limited. HealthFore Technologies Limited would be dissolved after the merger. The merger is subject to requisite regulatory approvals, stock exchange approvals, court approval, approval from Competition Commission of India, statutory approval, creditor's approval and the shareholders' approval. The Board of Directors of HealthFore and Oscar have unanimously approved the scheme. The Competition Commission has approved the proposed merger on February 2, 2016. The amalgamation will be effective from April 1, 2015, being the appointed date, under the scheme subject to receiving the mandatory approvals. As on December 16, 2016, shareholder of Oscar Investments approved the transaction. Haribhakti & Co., LLP acted as valuer and Corporate Professionals Capital Private Limited acted as financial advisor and fairness opinion provider to HealthFore Technologies Limited.

Oscar Investments Ltd. (BSE:501179) cancelled the acquisition of the remaining 93.9% stake in HealthFore Technologies Limited (BSE:533525) from RHC Holding Private Limited and others on May 3, 2018. As on May 3, 2018, Oscar Investments Ltd. withdrew the petition for amalgamation of HealthFore Technologies Limited with Oscar Investments Ltd.