Artemis is amongst the leading healthcare provider in Delhi NCR. The Company is listed on the Bombay Stock Exchange and the National Stock Exchange and has a market capitalization of approx. US$ 260 million as of March 7, 2024. The Promoter group and family hold 68.03 percent of the total share capital of the Company and the balance is held by financial institutions and public. The promoter group holds the Company’s share mainly through Constructive Finance Pvt. Ltd. Mr. Onkar Singh Kanwar is the Chairman and Dr. Devlina Chakravarty is the Managing Director of the Company.

The IFC investment comprises an equity investment of up to INR 3,300 million (equivalent to US$40 million) by subscribing to equity / equity securities issued by the Company.

The Company’s corporate office and flagship hospital is located at Sector 51, Gurugram, Haryana, 122001. IFC’s investment will be primarily used for expansion in Delhi NCR.

This is a Category B project as per IFC’s Policy on Environmental and Social Sustainability. Key E&S aspects identified and appraised in the project as per IFC include: 1) Company’s capacity to establish and maintain corporate and facility level environment and social management systems (ESMS), both for operational and expansion projects, including construction works, in compliance with IFC PS requirements; 2) assurance of fair, safe and healthy labour working conditions in compliance to applicable regulations and PS2 requirements including key risks such as that related to occupational health and safety and nosocomial infections, gender based violence, grievance management, treatment of 3rd party workers, potential retrenchment and job losses for staff working in target asset and management of relation with the employee and their representatives (if relevant); 3) Company's project management capacity including contractor management during construction phase; 4) resource efficiency and management of hazardous biomedical wastes, air emissions and effluents; 5) community health and safety risks including life & fire safety (LFS) and emergency preparedness & response; and 6) stakeholder engagement and grievance mechanism.