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Medi Assist Healthcare Services Block Deal 13.5% equity worth ₹580.5 crore changes hands
  • Medi Assist Healthcare Services Block Deal 13.5% equity worth ₹580.5 crore changes hands

    03 September 2024

    On Monday, sources had told CNBC-TV18 that Bessemer India had launched a block deal in Medi Assist Healthcare Services. Sources said the deal size was to be ₹540.94 crore, with shares being offered at a floor price of ₹570 per share, a 7.7% discount to Monday's closing price. ​

    Promoter Bessemer India, which is the seller in this transaction, has its remaining holdings in Medi Assist locked until July 18, 2025, sources said. They added that IIFL Securities was the sole book-running lead manager.​

    As per data available on the BSE, Bessemer India Capital Holdings held 29.22% stake in the company at the end of the June quarter.

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