Sachin, Sindhu back out of proposed investment in Health

By RubyPublished On 2017-09-20T10:18:09+05:30 | Updated On 20 Sep 2017 4:48 AM GMT

New Delhi: Legendary cricketer Sachin Tendulkar and ace shuttler PV Sindhu have called off their talks for investing in Hyderabad-based CallHealth Services, according to sources close to the cricketer.

CallHealth, in a regulatory filing informing about its extraordinary general meeting, had said it would seek shareholders approval for a proposed investment of Rs 12 crore and Rs 4 crore from Tendulkar and Sindhu, respectively.

A source close to Tendulkar's office said the discussions with CallHealth did not proceed beyond the preliminary stage.

When contacted, CallHealth Services CFO Satish Kottakota said: "Mr. Tendulkar and Ms. PV Sindhu have not made any investments into CallHealth pursuant to the filing of the EGM notice, which is mandatory for resultant changes in the shareholding pattern".

Emails sent to Tendulkar and Sindhu remained unanswered.

CallHealth is promoted by Sandhya Raju, the daughter-in-law of B Ramalinga Raju, founder of the scam-hit Satyam Computers.

The startup offers doctor consultations, diagnostic services and delivery of medicines. Its services, currently available in places like Hyderabad, Delhi-NCR, Chennai, and Vishakhapatnam also include facilitation of medical services and home care.

Tendulkar has invested in several startups in past few years, including Universal Sportsbiz, Spartan, and Smartron among others.

Source : PTI

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