Investment7 Dec 2024, 05:07 pm
Narayana Hrudayalaya Ltd Subsidiary Infuses USD 1.5 Million in Cayman Integrated Healthcare Ltd
AI Summary
Pursuant to Regulation 30 of SEBI Listing Regulation 2015, Narayana Hrudayalaya Ltd informs that its wholly owned subsidiary, Health City Cayman Islands Ltd (HCCI), has infused an amount of USD 1.5 Million in Cayman Integrated Healthcare Limited (CIHL). This investment, comprising USD 1.5 Million for 150,000 ordinary shares, increases HCCI's total investment in CIHL to USD 5,550,000. The transaction is between a holding company and its wholly owned subsidiary, with no interest from promoters or promoter groups. CIHL, incorporated on September 28, 2022, has a gross earned revenue of USD 1.32 Mn till November 2024.
Key Highlights
- Narayana Hrudayalaya Ltd's subsidiary, Health City Cayman Islands Ltd, invests USD 1.5 Million in Cayman Integrated Healthcare Limited.
- The investment increases HCCI's total investment in CIHL to USD 5,550,000.
- The transaction is between a holding company and its wholly owned subsidiary.
- CIHL, incorporated on September 28, 2022, has a gross earned revenue of USD 1.32 Mn till November 2024.
- Promoters or promoter groups have no interest in the transaction.