STOCKWATCH

Massachusetts Institute of Technology Invests INR 154.66 Crores in Medi Assist Healthcare Services Limited

Medi Assist Healthcare Services Limited, a leading health benefits administrator in India, announced an investment from Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC. The aggregate investment of INR 198 crores was secured through a preferential allotment on a private placement basis. Under the preferential allotment, Medi Assist has issued 37,01,000 fully paid-up equity shares with a face value of INR 5/- each, at an issue price of INR 535 per share. The issue of shares under preferential allotment received unanimous approval from the Board of Medi Assist and was strongly supported by shareholders. This capital infusion closely follows acquisition of Fairfax-owned Paramount Health Services & Insurance TPA Private Limited in July 2025 by Medi Assist Insurance TPA, a wholly-owned subsidiary of Medi Assist.

• Medi Assist secures INR 198 crores investment from Massachusetts Institute of Technology and 238 Plan Associates LLC
• The investment was made through a preferential allotment of 37,01,000 equity shares at INR 535 per share
• The investment follows Medi Assist's acquisition of Paramount Health Services & Insurance TPA Private Limited and strategic collaboration with Star Health Insurance
• The investment strengthens Medi Assist's capital structure and fuels innovation-led growth
• Medi Assist is listed on both the National Stock Exchange of India Ltd (NSE) and the BSE Ltd.