Narayana Hrudayalaya's Cayman Unit Injects $1 Million Into Step-Down Arm

Narayana Hrudayalaya Ltd. on Tuesday said its wholly-owned overseas subsidiary, Health City Cayman Islands Ltd., has infused $1 million into Cayman Integrated Healthcare Ltd. through equity subscription.

Cayman Integrated Healthcare is a wholly-owned overseas arm of Health City Cayman Islands and a step-down subsidiary of the company. The infusion will be used to meet its working capital needs. With this, Health City Cayman Islands' total investment stands at $8.05 million.