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AGS Health Limited, backed by Blackstone, is a tech-enabled provider of healthcare revenue cycle management (RCM) and health information management services, catering primarily to US-based healthcare networks via advanced analytics and automation for medical billing, coding and compliance. Opted for the confidential pre-filing route; filed prospectus March 31, 2026; SEBI observation letter received June 17, 2026. Estimated issue size ~₹4,500 Cr. Price band and dates TBA.