Multispecialty hospital chain Jupiter Life Line Hospitals has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares worth Rs 615 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders, according to the draft red herring prospectus (DRHP). Current promoters Ajay Thakker, Ankit Thakker and Western Medical Solutions LLP are not diluting their stake in the IPO. Proceeds of the fresh issue to the tune of Rs 464 crore will be utilized to retire debt. Besides, funds will be used for general corporate purposes. The Mumbai-headquartered
Hence then, the article about jupiter life line hospitals files ipo papers with sebi to raise rs 615 cr was published today ( ) and is available onBusiness Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr )