Acharya Manish Grover Strengthens Invicta with Strategic Investment

Acharya Manish Grover has acquired 1.37% stake in Invicta Diagnostic, signaling confidence in the company's expansion and upcoming IPO. The investment is part of Invicta's strategy to enhance its diagnostics network, aiming to raise Rs 28.12 crore for equipment and centers in Maharashtra.

In a noteworthy development, Invicta Diagnostic announced on Saturday that healthcare luminary Acharya Manish Grover has acquired 1.27 lakh equity shares, equating to a 1.37% stake in the firm poised for its initial public offering.

Grover, the Managing Director of Jeena Sikho Lifecare, made the investment through a secondary purchase, underscoring confidence in Invicta's growth trajectory. This move comes on the heels of Invicta's successful fundraising this June, where it attracted investments from prominent healthcare and financial figures, including Sandeep Singh and Siddharth Nahar.

Rohit Prakash Srivastava, Invicta's promoter, expressed enthusiasm, stating that the support from industry leaders reinforces the company's vision of a robust diagnostics network. The firm aims to raise Rs 28.12 crore through new shares, with significant funds allocated for expanding diagnostic centers in Maharashtra.

(With inputs from agencies.)