Medi Assist Healthcare: No Deviation in Preferential Issue Fund Utilization
Medi Assist Healthcare Services Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue completed on October 10, 2025. The total amount raised was ₹1,98,00,35,000. For the quarter ended June 30, 2026, ₹153.12 crore was utilized. Of this, ₹148.40 crore was invested in a wholly-owned subsidiary for debt prepayment, and ₹4.72 crore was used for acquiring an additional stake in another subsidiary. The company also clarified that ₹7.5 crore invested in mutual funds was redeemed and transferred to the current account for approved purposes, with transactions completing by July 1, 2026. The statement was reviewed by the Audit Committee and Board on August 08, 2026, and a Monitoring Agency Report from CARE Ratings Limited was also submitted.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q2 FY27.
- ₹148.40 Cr invested in subsidiary for debt repayment.
- ₹4.72 Cr used for stake acquisition in another subsidiary.
- Funds from mutual fund redemption used for approved purposes.
- Monitoring Agency Report from CARE Ratings submitted.
Price Impact
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