Yatharth Hospital raises Rs 120 crore through pre-IPO share allotment

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Yatharth Hospital & Trauma Care, a company that operates private hospitals in the Delhi-NCR region, has raised Rs 120 crore from institutional investors ahead of its initial public offering (IPO).

New Delhi. Yatharth Hospital & Trauma Care, a company that operates private hospitals in the Delhi-NCR region, has raised Rs 120 crore from institutional investors ahead of its initial public offering (IPO). In a public notice on Saturday, Yatharth Hospital said that in the pre-IPO allotment round, 40 lakh equity shares of Rs 300 each were issued to institutional investors. Thus, the company has received a total of Rs 120 crore from the pre-IPO allotment.

The allocation has been made to Plutus Wealth Management LLP, Think India Opportunities Master Fund, Rosy Blue Diamonds Pvt Ltd, besides Vikas Vijaykumar Khemani and Viraj Russell Mehta. However, after this allotment, the size of the fresh shares to be issued under the IPO has come down to Rs 490 crore. Under the first IPO, equity shares worth Rs 610 crore were to be issued. Apart from this, an offer for sale of 65.51 lakh shares will also be made by the promoter and promoter group entities of the company. Market regulator SEBI had approved Yatharth Hospital to launch an IPO in March 2022.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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