Medi Assist Healthcare Services Limited has raised ~₹198 crore through preferential issue of equity shares to Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC.

The transaction involved the issuance and allotment of fully paid-up equity shares of Medi Assist on a preferential basis to the Investors, who are qualified institutional buyers and SEBI-registered foreign portfolio investors.

Shardul Amarchand Mangaldas & Co advised Medi Assist on this fundraise.

The transaction team was led by Prashant Gupta (National Practice Head – Capital Markets), Devesh Pandey (Partner), with support from Jasmine Khan (Senior Associate), Associates Anushka Ganguli and Sourav Paul.

Following the Preferential Issue, Massachusetts Institute of Technology and 238 Plan Associates LLC hold 3.86% and 1.08%, respectively, of the total share capital of Medi Assist.

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