Medi Assist to acquire additional 31.75% stake in UK subsidiary Mayfair We Care
MEDIASSIST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Medi Assist Healthcare Services will acquire an additional 31.75% stake in its UK subsidiary Mayfair We Care Limited for about GBP 589,270 in cash. This will raise its holding from 60% to 91.75%. Mayfair provides health claim and benefits administration services globally, with FY26 turnover of INR 410.85 million and net profit of INR 16.31 million. The deal is funded from the preferential allotment proceeds and is expected to close by end of Q2 FY27. Leadership will also transition, with Nikhil Chopra becoming CEO-designate and Michail Chopra moving to Founder and Strategic Advisor.
Strengthens control over UK subsidiary, boosting global health administration presence; funded from existing preferential issue proceeds.