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Artemis Medicare Services signs definitive agreements with IFC

05 Apr 2024 Evaluate

Artemis Medicare Services has signed definitive agreements with International Finance Corporation (IFC), a member of the World Bank Group, to raise funds of Rs 330 crore in the form of Compulsorily Convertible Debentures (CCDs). The company aims to increase bed capacity, introduce advanced speciality services, and enhance patient care to bridge demand-supply gaps and bolster its presence in Delhi NCR. Leveraging brownfield and greenfield opportunities, it aims to expedite growth and extend services to all sections of society in the coming years. 

IFC's investment will help the company improve healthcare accessibility and quality by supporting its growth plans in bed capacity, introducing newer medical treatment specialities, and establishing cardiac care centers in Tier 2 and 3 cities. It aims to foster job creation and professional development in the medical field, particularly among women, driving a sector-wide shift towards more affordable and high-quality healthcare solutions in areas they are needed most. The transaction is subject to the approval of Artemis’s shareholders, in-principle approval from stock exchanges and fulfilment of customary closing conditions.

The company is engaged in the business of managing and operating of multi specialty hospitals.


Artemis Medicare Share Price

265.35 -0.75 (-0.28%)
08-May-2026 16:59 View Price Chart
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