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Medi Assist Healthcare's board has approved its consolidated financial results for Q1, showing revenue at ₹190.56 Cr and profit at ₹22.40 Cr. The company plans to raise up to ₹198.00 Cr through a preferential share allotment to Massachusetts Institute of Technology and 238 Plan Associates LLC at ₹535 per share, pending shareholder approval. The board also approved the nomination of an independent director to its subsidiary, Paramount TPA. Additionally, the acquisition of Paramount Health Services for ₹311.80 Cr was completed on July 1, a key strategic move to expand its TPA business.
All announcements from Medi Assist Healthcare Services Limited