Yatharth Hospital & Trauma Care Ltd. stated it had undertaken a pre-IPO placement of 40,00,000 fairness shares for money at a value of ₹300 per share (together with a share premium of ₹290 per share) aggregating to ₹120 crore.
This was earlier authorized by the board at its assembly and by the shareholders at their EGM held on July 5, 2023.
Shares have been allotted to Plutus Wealth Management LLP, Think India Opportunities Master Fund, Vikas Vijaykumar Khemani, Rosy Blue Diamonds Pvt. Ltd., and Viraj Russell Mehta.
The firm had earlier filed DRHP with SEBI for a proposed IPO. The measurement of the contemporary difficulty of as much as ₹610 crore, has now been decreased to ₹490 crore and an Offer for Sale stays as much as 65,51,690 fairness shares by the promoter group promoting shareholder (Vimla Tyagi; Prem Narayan Tyagi and Neena Tyagi).
