Medi Assist Healthcare Services Limited — QIP/Rights/Pref., 07-08-2025: Preferential issue

Medi Assist has approved raising up to Rs 198.00 Cr through a preferential allotment of equity shares. The company will issue up to 37.01 lakh fully paid-up equity shares at Rs 535 per share (including a premium of Rs 530). This private placement is targeted at Massachusetts Institute of Technology and 238 Plan Associates LLC, who are qualified institutional buyers. The Board has also approved convening an Extraordinary General Meeting to seek shareholder approval for this fundraise.