India, Oct. 13 -- image credit- shutterstock

Bengaluru-based Medi Assist Healthcare Services has announced an investment from Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC (an affiliate of MIT). The aggregate investment of Rs 198 crore was secured through a preferential allotment on a private placement basis.

Under the preferential allotment, Medi Assist has issued 37,01,000 fully paid-up equity shares with a face value of Rs 5 each, at an issue price of Rs 535 per share, for a total consideration of Rs 198 crore.

The issue of shares under preferential allotment received unanimous approval from the Board of Medi Assist at their meeting held on August 7, 2025, and was strongly supported by shareholders in an Ex...