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  1. Medi Assist shares zoom 12.5% after 15.67% equity worth ₹578 crore changes hands in block deal

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Medi Assist shares zoom 12.5% after 15.67% equity worth ₹578 crore changes hands in block deal

Upstox

2 min read | Updated on August 12, 2025, 10:33 IST

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SUMMARY

Medi Assist block deal: Earlier, reports said that Bessemer India Capital Holdings was expected to sell a 15.7% stake via block deals on Tuesday.

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Shares of Medi Assist Healthcare Services listed with a premium of more than 11% on January 23, 2024. | Image: Shutterstock

Medi Assist share price: Shares of Medi Assist Healthcare Services jumped as much as 12.5% to ₹594.10 apiece on the NSE on Tuesday, August 12, as, according to a news report by CNBC TV-18, 1.10 crore shares, or 15.67% equity worth ₹578 crore, changed hands at ₹523 per share in the block deal window during the pre-opening session.
Earlier, the CNBC TV-18 news report said that Bessemer India Capital Holdings was expected to sell a 15.7% stake via block deals on Tuesday. The floor price was set at ₹507 per share, which is a 4% discount to the last traded price. The offer size was reported to be ₹560 crore, or 1.1 crore shares.

The report added that it would be a cleanout trade by Bessemer India. Post deal, total promoter holding will fall to just 4.88%.

Medi Assist IPO and listing details

Shares of Medi Assist Healthcare Services listed with a premium of more than 11% on January 23, 2024, against the issue price of ₹418 per share.

The stock listed at ₹465, up 11.24% from the issue price on the BSE. It further jumped 13.35% to ₹473.80.

On the NSE, the scrip of the company started the trade at ₹460, up 10.05%. Further, it advanced 12.37% to trade at ₹470.65 per share.

The initial public offering (IPO) of Medi Assist Healthcare Services got subscribed 16.25 times on the last day of subscription.

The ₹1,171.57-crore initial public offer was entirely an offer-for-sale (OFS) of up to 2,80,28,168 equity shares. It had a price range of ₹397-₹418 a share.

Medi Assist Healthcare Services, the Bessemer Ventures and Investcorp-backed third-party insurance administrator, had raised ₹351.5 crore from anchor investors.

The selling promoters include company chairman Vikram Jit Singh Chhatwal, Medimatter Health Management, Bessemer Health Capital, and Investcorp Private Equity Fund.

Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners.

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