Medi Assist secures ₹198 crores from MIT affiliates in preferential allotment

Medi Assist Healthcare Services announced on October 10, 2025, the allotment of 3,701,000 fully paid-up equity shares at a price of ₹535 per share, raising a total of ₹1,980,035,000 through a preferential issue. This investment was made by Massachusetts Institute of Technology (MIT) and its affiliate, 238 Plan Associates LLC. The preferential allotment received shareholder approval on September 4, 2025, and in-principle approval from NSE and BSE on October 3, 2025.

Following this allotment, Medi Assist's paid-up equity share capital increased from ₹353,249,310 to ₹371,754,310. The newly allotted shares will rank pari-passu with existing equity shares and will be listed on NSE and BSE upon receiving relevant approvals. This capital infusion follows Medi Assist's acquisition of Fairfax-owned Paramount Health Services & Insurance TPA Private Limited in July 2025 and a strategic technology collaboration with Star Health Insurance and Allied Services in June 2025.

Medi Assist stated the investment from MIT reinforces its mission to drive digital health transformation and accelerate innovation in AI-led health benefit solutions. The company aims to enhance member experience and payer outcomes, making healthcare simpler, faster, and more transparent for millions.