Family Care Hospitals Ltd has announced that its Board of Directors will meet on April 24, 2025, to evaluate a fundraising proposal aimed at supporting its growth and expansion initiatives. The company is considering multiple financial instruments, including equity shares, convertible securities, and warrants, to raise capital.
Key Highlights:
-
Board Meeting Scheduled: The company’s Board of Directors will convene on April 24, 2025, to discuss fundraising strategies.
-
Potential Fundraising Methods: Family Care Hospitals is exploring equity issuance, convertible securities, and preferential allotments.
-
Regulatory Compliance: The fundraising plan is subject to SEBI and other statutory approvals.
-
Strategic Expansion: The capital raised will likely support hospital infrastructure upgrades and new healthcare initiatives.
-
Market Impact: Investors are closely watching the announcement, as it could enhance the company’s financial position.
This move signals Family Care Hospitals’ commitment to strengthening its healthcare services, ensuring long-term sustainability and growth.
Source: Economic Times, Zerodha, Screener