RATING

RECOMMENDATION

Neutral

  • MEDI ASSIST HEALTHCARE SERVICES
  • ₹390.00

  • PLACE ORDER
  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

RATING

RECOMMENDATION

Neutral

Business Type

Dominant Leader

  • MEDI ASSIST Dividends

MEDI ASSIST Upcoming Dividends

No upcoming dividends are available.

MEDI ASSIST Past Dividends

No past dividends are available.

  • MEDI ASSIST Corporate Action

MEDI ASSIST Upcoming Corporate Action

No upcoming corporate actions available.

MEDI ASSIST Past Corporate Action

Corporate Action Corporate Action Description Ratio Date
Bonus Issue

Bonus issue in the ratio of 925 Equity Shares for every 1 Equity Share held on the record date, i.e. April 7, 2021

925:1 April 9, 2021
Stock Splits

The company has sub- divided its authorised share capital, such that 45,350,000 Equity Shares of ₹ 10 each aggregating to ₹ 453,500,000 were sub-divided and reclassified as 90,700,000 Equity Shares o…

1:2 April 7, 2021
Demerger

The company has proposed for demerger of the consumer facing health and wellness division of the company into Mandala.

- Aug. 13, 2019
  • MEDI ASSIST Announcements

MEDI ASSIST Upcoming Announcements

No Upcoming announcements available.

MEDI ASSIST Past Announcements

No past announcements available.

  • MEDI ASSIST Legal Orders

Legal Orders Reference Announced On
As per income tax assessment order, the Assessing Officer has disallowed under section 40(a)(ia) on payments made to various hospitals during the financial year 2007-08 and 2008-09 totalling to ₹ 118.92 million and ₹ 964.75 million respectively and accordingly raised a demand of ₹ 29.71 million and ₹ 435.25 million under section 143(3) of the Income Tax Act respectively. The Company filed an appeal against these above orders as the payments to hospitals were made from the funds received from insurance companies were an advance and all payments were adjusted against the advance received. The payments were not claimed as an expenditure, hence, these cannot be disallowed under said section. The Subsidiary received favorable orders from Commissioner of Income Tax (Appeals) on August 8, 2012, Income Tax Appellate Tribunal on December 10, 2014, and the High Court on November 30, 2015. However, the income tax department has filed an appeal with the Supreme Court of India.
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Download Oct. 6, 2016