Other Deals - Listed Firms
Health insurance administrator Medi Assist raises Rs.198-Cr from MIT
Publicly-listed Medi Assist Healthcare Services Ltd , a Bengaluru-based health benefits administrator, has raised INR 198 crore through a preferential allotment from the Massachusetts Institute of Technology (MIT) and its affiliate 238 Plan Associates LLC. The company issued 37.01 lakh equity shares at INR 535 per share, with each share having a face value of INR 5.Medi Assist Healthcare Services Ltd serves as an intermediary connecting insurers, policyholders, healthcare providers, and government health schemes. The firm would use the fresh capital to simplify healthcare processes, enhance transparency, and accelerate AI-driven health benefit solutions.
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