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Kaya Middle East-DMCC, a foreign subsidiary of Kaya, along with its local partner, has entered into an agreement to acquire 75 per cent beneficial interest in Abu Dhabi-based Iris Medical Centre LLC. Iris Medical has reported revenue of AED 2.24 million for the half-year ended September 30, 2015. Shares of Kaya, the demerged entity of Marico, will remain in focus following the acquistion as this will help it to expand in the UAE region.
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