The company plans to raise funds through the offer of equity shares of the face value of Rs 10 each
Yatharth Hospital & Trauma Care Services Limited (YHTCSL) based in the National Capital Region of Delhi has filed Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI).
The company plans to raise funds through the offer of equity shares of the face value of Rs 10 each. The offer consists of a fresh issue aggregating up to Rs 6,100 million and an offer for sale aggregating up to 6,551,690 equity shares by Promoter Group Selling Shareholder.
The company proposes to utilise the net proceeds from the fresh issue towards (i) repayment/prepayment of full / part of total borrowing availed by the company and its subsidiary; (ii) Funding capital expenditure requirement of the company and its subsidiary and funding inorganic growth; (iii) other strategic initiatives and balance amount towards general corporate purposes.
The offer for sale of up to 6,551,690 equity shares consists of up to 3,743,000 equity shares by Vimla Tyagi, up to 2,021,200 equity shares by Prem Narayan Tyagi and up to 787,490 equity shares by Neena Tyagi.
Intensive Fiscal Services, Ambit and IIFL Securities are the Book Running Lead Managers for the issue.