Medi Assist Healthcare Services Limited — JV/Acquisition, 06-02-2026: Amalgamation/Merger

Medi Assist Healthcare Services (MAHS) is streamlining its corporate structure. Its step-down subsidiary, Paramount TPA, will first transfer its TPA business to MAHS's wholly-owned subsidiary, Medi Assist TPA, for no consideration. This move fulfills IRDAI requirements.

Following this business transfer, the remaining non-TPA entity of Paramount will merge into MAHS. This merger, also without consideration, aims to simplify operations, reduce costs, enhance efficiency, and better manage Paramount TPA's surplus funds. As of March 2025, Paramount TPA had a Net Worth of ₹99.35 Cr, and MAHS ₹229.69 Cr. This integration will not impact MAHS's shareholding pattern.