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Rainbow Children's Medicare acquires 76% equity share capital of Prashanthi Medicare
Jul-02-2025

Rainbow Children's Medicare has completed the acquisition of 76% of fully diluted equity share capital and 100% of Non-Convertible Redeemable Preference shares (NCRPS) of the M/s. Prashanthi Medicare. Subsequent to the acquisition, Prashanthi Medicare has become a subsidiary of the company.

Earlier, the company had signed a definitive agreement to acquire a majority stake in Prashanthi Medicare (Prashanthi Hospital) at Warangal - the second-largest district and a prominent business hub of Telangana.

Rainbow Children’s Medicare is a leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India.

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