20-Aug-2026      23:33

Metropolis Healthcare subsidiary issues shares to former executive, potentially impacting ownership

Metropolis Healthcare Limited informed the BSE Limited and National Stock Exchange of India that its wholly owned subsidiary, Metropolis Quality Solutions Private Limited (MQSPL), has approved the offer and issuance of 10,000 Optionally Convertible Redeemable Preference Shares (OCRPS) with a face value of Rs 10 each, aggregating to Rs 1,00,000, to Dr. Puneet Kumar Nigam, a former Chief Quality Officer of the company, with the conversion into equity shares expected to occur in tranches over up to 6 years; upon conversion, MQSPL will cease to be a wholly owned subsidiary but will remain a subsidiary of Metropolis Healthcare Limited.

News source: Capital Market - Live News