MEDIASSIST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Medi Assist Healthcare Services Ltd has filed its quarterly utilization report for funds raised via a preferential issue of Rs. 198 crore allotted on October 10, 2025. The company confirms there is NO deviation or variation in fund utilization from the stated objects. Of the total proceeds, Rs. 148.40 crore (75%) has been utilized for investment in its wholly-owned subsidiary Medi Assist Insurance TPA Pvt. Ltd., which is using the funds to prepay/repay outstanding borrowings. The remaining Rs. 49.60 crore remains unutilized, deployed in liquid mutual funds (Aditya Birla, Axis, ICICI, Nippon India) and current accounts, earning ~1.9-1.94% returns. CARE Ratings Limited, the appointed monitoring agency, has also confirmed no deviations and verified compliance through CA certificates and bank statements.
The positive confirmation of no fund utilization deviation is a reassuring signal for shareholders, indicating proper governance and adherence to stated objectives. The deployment of idle funds in liquid instruments shows prudent cash management while the subsidiary's debt prepayment progresses as planned.