Investment9 May 2026, 07:00 pm
Medi Assist: No Deviation in Preferential Issue Funds (₹198 Cr)
AI Summary
Medi Assist Healthcare Services Ltd reports no deviation or variation in the utilization of funds raised through a preferential issue of ₹198.0035 Cr for the quarter ended March 31, 2026. CARE Ratings Limited, the monitoring agency, also confirmed this. The funds were primarily allocated for investment in Medi Assist Insurance TPA Pvt. Limited and general corporate purposes. The Audit Committee and Board reviewed the statement on May 09, 2026.
Key Highlights
- Medi Assist confirms no deviation in use of ₹198.0035 Cr preferential issue funds.
- Funds utilized for investment in subsidiary and general corporate purposes.
- CARE Ratings Limited acted as the monitoring agency.
- Audit Committee and Board reviewed the fund utilization statement.
- ₹148.40 Cr invested in Medi Assist Insurance TPA Pvt. Limited.
Price Impact
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