Rainbow Children's Medicare Sells 24% Stake in Subsidiary for ₹24,000

Rainbow Children's Medicare Ltd has executed definitive transaction documents to sell a 24% equity stake in its wholly owned subsidiary, Rainbow Women & Children's Hospital Private Limited (RWCHPL), to Fountainhead TCHM Healthcare LLP. This stake sale is part of a larger plan to fund a new 100-bed children and women's hospital in Malad, Mumbai, with an estimated project cost of ₹90 Crore. The LLP, promoted by reputed doctors, will invest in RWCHPL, which will continue as a subsidiary of Rainbow Children's Medicare, with the latter retaining 76% equity and control. The transaction aims to augment the company's healthcare network and operational capacity, with the new hospital expected to be commissioned by Q1 FY28. The consideration for the stake sale is ₹24,000.