Corporate News
Metropolis Healthcare Limited announced that its subsidiary, Metropolis Quality Solutions Private Limited, has entered into a Share Subscription Agreement with Medsource Ozone Biomedicals Private Limited and Dr. Puneet Kumar Nigam, and a Shareholder’s Agreement with Medsource, Metropolis Healthcare Limited, and Dr. Puneet Kumar Nigam, to consolidate and streamline the External Quality Assessment Services Business. Medsource will invest approximately Rs 1.10 crore and Dr. Puneet Kumar Nigam will invest Rs 16 lakh in Metropolis Quality Solutions Private Limited, resulting in a shareholding structure of 54.90% for Metropolis Healthcare Limited, 30.60% for Medsource, and 14.50% for Dr. Puneet Kumar Nigam upon completion of the transaction and conversion of Optionally Convertible Redeemable Preference Shares.