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Artemis Medicare Services raises Rs 330 crore through CCDs

16 May 2024 Evaluate

Artemis Medicare Services has raised Rs 330 crore through the allotment of 33,000 fully paid unsecured compulsorily convertible debentures (CCDs) (carrying an interest at the rate of 2.65% per annum, compounded quarterly on a cumulative basis) of face value of Rs 1,00,000 to International Finance Corporation (IFC), a qualified institutional buyer and who does not belong to the promoter/ promoter group of the Company, by way of a preferential issue on a private placement basis.

The CCDs shall be convertible into the equity shares of the Company having a face value of Rs 1 each, in one or more tranches, within a period up to 18 months from the date of allotment, at a conversion price of Rs 174.03 per equity share, such that the total number of equity shares to be issued pursuant to conversion of all CCDs shall not exceed 1,89,62,247 equity shares of the Company. The Committee of Directors - Preferential Issue (Committee), at its meeting held on May 16, 2024, has approved the allotment of the same. 

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


Artemis Medicare Share Price

283.90 18.55 (6.99%)
11-May-2026 11:03 View Price Chart
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