Sagility India, a healthcare tech provider, files preliminary IPO papers with Sebi for an OFS of 98.44 crore shares, aiming for listing benefits, brand visibility, and liquidity.
Sagility India, a healthcare technology provider, has filed preliminary papers for an initial public offering (IPO) with Sebi. The IPO, an offer-for-sale (OFS) of 98.44 crore shares, will not directly benefit the company; instead, selling shareholders will receive proceeds. The aim is to leverage listing benefits, enhance brand visibility, provide liquidity to shareholders, and create a public market for equity shares. Sagility India offers tech-driven services to payers (US health insurers) and providers (hospitals, physicians, diagnostic, and medical device companies), recently acquiring BirchAI, a healthcare tech firm specializing in AI solutions.
July 01, 2024
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