Diagnostic firm Chandan Health attracts Rs.104-Cr from Ayurvedic healthcare firm Jeena Sikho, others

Publicly listed, Lucknow-based diagnostics and healthcare services provider Chandan Healthcare plans an INR 104.13 crore fundraise via preferential issue of warrants to Ayurvedic healthcare firm Jeena Sikho Lifecare, Negen Capital and others including the company’s promoters. The firm would issue 44,50,000 fully convertible equity warrants on a preferential basis at an issue price of INR 234 per warrant.Chandan Healthcare is a diagnostic services provider that offers pathology, radiology, and medical consultation services through a network of laboratories and collection centers in North India.Jeena Sikho Lifecare Limited operates a nationwide network of 55 hospitals and 74 clinics/daycare centres across 21 states and 100+ cities, offering more than 1,500 operational beds with additional capacity in the pipeline.