Strengthens healthcare expansion strategy
QMS Medical Allied Services opened its Rights Issue to raise Rs 12.5 crore. The Issue comprises 14,87,500 equity shares of face value Rs 10 each, offered at an Issue Price of Rs 81 per share (including a premium of Rs 71 per share).
The proceeds from the Rights Issue will be strategically utilised to strengthen QMS Medical Allied Services’ growth trajectory. A significant portion, amounting to Rs 10 crore, will be invested towards acquiring an additional 25 per cent stake in its subsidiary, Saarathi Healthcare, thereby increasing QMS Medical Allied Services’ holding to 76 per cent. The balance funds will be deployed to meet working capital requirements and for general corporate purposes, ensuring enhanced operational flexibility and sustained business expansion.
Mahesh Makhija, Founder, Chairman and Managing Director, QMS Medical Allied Services said, “The Rights Issue will support our planned acquisition of an additional 25 per cent stake in Saarathi Healthcare Private Limited, further consolidating our position in the value-added segment of the healthcare industry. This strategic investment reinforces our commitment to expanding QMS Medical Allied Services’ footprint in high-growth verticals, enhancing operational synergies, and unlocking long-term value for all stakeholders. “India’s healthcare sector continues to experience unprecedented growth, driven by rising demand for advanced medical solutions. At QMS Medical Allied Services, we remain steadfast in our mission to deliver accessible, high-quality, and dependable healthcare products and services across the country. This Rights Issue is not just a step towards accelerating our strategic initiatives, but also a valuable opportunity for our shareholders to strengthen their association with QMS Medical Allied Services and participate in our journey of sustained growth and innovation,” Makhija added.
