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Medi Assist Secures INR 198 Crore Investment from MIT and Affiliates

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Medi Assist Secures INR 198 Crore Investment from MIT and Affiliates

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Medi Assist Healthcare Services Limited ( (IN:MEDIASSIST) ) has shared an update.

Medi Assist Healthcare Services Limited has announced the allotment of 37,01,000 equity shares on a preferential basis, raising INR 198 crores from Massachusetts Institute of Technology and 238 Plan Associates LLC. This investment is expected to enhance the company’s financial strength and market positioning, as the shares will be listed on NSE and BSE, thereby increasing the company’s paid-up equity share capital.

More about Medi Assist Healthcare Services Limited

Medi Assist Healthcare Services Limited is a leading health benefits administrator in India, focusing on providing comprehensive healthcare services and benefits management solutions.

Average Trading Volume: 26,000

Technical Sentiment Signal: Hold

Current Market Cap: 37.19B INR

For an in-depth examination of MEDIASSIST stock, go to TipRanks’ Overview page.

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