Investment10 Jun 2025, 10:42 pm
Narayana Hrudayalaya's Subsidiary Infuses $10 Million in Step-Down Subsidiary
AI Summary
Narayana Hrudayalaya Ltd. announced that Health City Cayman Islands Ltd (HCCI), a wholly owned overseas subsidiary, has infused an amount of USD 10,00,000 in Cayman Integrated Healthcare Limited (CIHL). This investment, equivalent to USD 1 Million, is in the form of subscription to its equity shares, making the total investment of HCCI in CIHL at USD 8,050,000. The transaction is a related party transaction, but it is on arm’s length basis and does not involve any interest from the promoter/ promoter group/ group companies.
Key Highlights
- Narayana Hrudayalaya's subsidiary, Health City Cayman Islands Ltd, invests $10 million in Cayman Integrated Healthcare Limited
- The investment is in the form of subscription to equity shares
- The total investment of HCCI in CIHL now stands at USD 8,050,000
- The transaction is a related party transaction but is done at arm’s length
- No interest from the promoter/ promoter group/ group companies in the transaction