Update on Investment in Neuro and Spine Associates Private Limited
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Eyantra Ventures has made further progress on its investment in Neuro and Spine Associates Private Limited (NASAPL), causing NASAPL to become its subsidiary effective July 8, 2025. So far, the company has invested Rs. 10.8 crore in multiple tranches, against which NASAPL has allotted 54,000 equity shares at Rs. 2,000 each. This follows the original Board approval from September 27, 2024, which authorised investing up to Rs. 15 crore to acquire up to 75,000 shares, representing a 60% stake in NASAPL. The latest trigger was NASAPL's board allotting 5,000 additional shares on July 8, 2025, crossing the subsidiary threshold.
NASAPL's financials will now be consolidated into Eyantra Ventures' results, giving shareholders direct exposure to the healthcare/neuro and spine segment. The remaining investment (up to Rs. 4.2 crore more) is still pending deployment, so further share allotments and stake build-up may continue.