Bessemer India may offload its entire 15.67% stake in Medi Assist for Rs 560 cr
Bessemer India
Capital Holdings II may offload its entire 15.67% stake in
Medi Assist Healthcare Services
for over ₹560 crore in a
block deal
on the exchanges on Tuesday, according to a term sheet seen by ET. The
investment firm
, which is part of the promoter group, will sell 1.1 crore shares in the company, it said.
The deal may be executed at a floor price of ₹507 per share, a 4% discount to Monday's closing price of ₹527.9.
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Medi Assist and Bessemer Venture Partners did not respond to an ET query as of press time.
Promoters owned a 20.55% stake in Medi Assist as of June 30. Bessemer India Capital Holdings II held a 15.67% stake.
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