Deccan Health Care Limited announced that it expects to receive INR 401.393997 million in funding from FOCAL POINT MEDIA SERVICES PRIVATE LIMITED and other investors

Deccan Health Care Limited announced a private placement of 12,754,814 Equity Shares of face value of INR 10 each at a price of INR 31.47 per Equity Share for the gross proceeds of INR 401,393,997 on October 25, 2021. The transaction will include participation from returning investor Minto Purshotam Gupta for 13,072,466 shares for 45.91% stake for INR 345,099,989, new investors Kapil Mehra for 200,000 shares for 0.7% stake for INR 6,294,000, Focal point media services private limited for 1,588,815 shares for 5.58% stake for INR 50,000,008. The securities are being issued by pursuant to Preferential Allotment.

The transaction has been approved by board and is subject to approval from shareholders.