Medi Assist to acquire additional 31.75% stake in UK subsidiary Mayfair We Care
MEDIASSIST · price
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Medi Assist Healthcare Services will acquire an additional 31.75% stake in its UK subsidiary Mayfair We Care Limited, raising its holding from 60% to 91.75%. Deal is for INR equivalent of GBP 589,270 in cash, funded from a preferential allotment. Mayfair provides health claim and benefits administration services globally. Its FY26 turnover was INR 410.85 million with net profit of INR 16.31 million. The acquisition deepens the company's international footprint. Expected to close by Q2 FY27. Nikhil Chopra becomes CEO-designate of Mayfair.
Strengthens control over UK subsidiary and global health administration business. Cash deal funded from existing preferential allotment proceeds, so no fresh equity dilution for shareholders.