10:02 AM EDT, 03/09/2026 (MT Newswires) -- SS Innovations International ( SSII ) said Monday it completed a private placement of about 5.8 million shares for around $18.6 million in gross proceeds.

Around 1.3 million shares were sold at $4.00 per share on average to the company's chairman and chief financial officer Sudhir Srivastava, vice-chairman Frederic H. Moll, and director Tim Adams. The rest were sold to a group of new and existing shareholders led by Manipal Global Health Services, SS Innovations ( SSII ) said.

The company said it intends to use the net proceeds for working capital and other general corporate purposes, including progressing its global expansion efforts.

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