Medi Assist Healthcare Services Limited has made an initial public offering of equity shares consisting of an offer for sale of 28,028,168 equity shares.
Axis Capital, IIFL Securities, Nuvama Wealth Management and SBI Capital Markets are the book running lead managers (BRLMs) for the IPO.
Khaitan & Co acted as Legal Counsel to the BRLMs as to Indian Law in relation to the IPO.
The transaction team consisted of Thomas George (Partner), Suman Prabhu (Principal Associate), Prathiksha Panduranga (Principal Associate), Pooja Agarwal (Associate) and Jash Botadra (Associate).
Shardul Amarchand Mangaldas advised Medi Assist.
Medi Assist is India’s largest health benefits administrator in terms of revenues for Fiscal 2021, 2022 and 2023 (source: F&S Report). Its primary clients are insurance companies; however, it also serves as an intermediary between (a) general and health insurance companies and the insured members; (b) insurance companies and healthcare providers (such as hospitals); and (c) the Government and beneficiaries of public health schemes.
If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.