Yatharth Hospital to raise up to Rs 3,150 cr via preferential issue to Cyprus firm
YATHARTH · price
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Yatharth Hospital board approved a preferential issue to Cyprus-based Rasmalai Limited for up to Rs 3,150 crores, comprising 1.30 crore equity shares and 1.89 crore warrants at Rs 985.17 each. The investor will hold 24.87 percent post-issue as a public shareholder. Promoters face a 3-year lock-in. Investor gets 2 board nominee rights. EGM set for October 15, 2026.
Large equity dilution of 24.87 percent to a single foreign investor, no change in control. Promoters locked in for 3 years.