Park Medi World, which operates the hospital chain under the Park brand, has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,260 crore through an initial public offering (IPO).
The IPO is a combination of fresh issue of shares worth Rs 900 and an offer for sale (OFS) of shares valued Rs 300 crore by promoter Ajit Gupta, according to the draft red herring prospectus (DRHP) filed on Friday.
Furthermore, the company may consider a Pre-IPO Placement of up to Rs 192 crore.
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