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Awaiting price reaction for this filing.
The board of Cian Healthcare approved the allotment of 2.375 crore fresh equity shares at face value of INR 10 each, totalling INR 23.75 crore, to three promoters on a preferential basis. The shares are being issued pursuant to an NCLT order dated December 18, 2025, which approved the resolution plan submitted by Mr. Pradeep Kumar Jain (the Successful Resolution Applicant) under the Insolvency and Bankruptcy Code. Of the allotted shares, Ananta Medicare Limited receives 1.375 crore (55%), Mr. Rajesh Jain gets 52.5 lakh (21%), and Mr. Pradeep Kumar Jain gets 47.5 lakh (19%). The company has also received in-principle and listing approvals for these shares. The company had emerged from the corporate insolvency resolution process, and this allotment marks the formal equity infusion as part of the revival plan.
This allotment represents a significant change in ownership structure, with the new promoters collectively holding a major stake in the company post-resolution. Shareholders should note the substantial dilution and the shift in control following the IBC resolution process, which could lead to a re-rating of the stock depending on the new management's business plans.