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Business Standard
12-08-2025
- Business
- Business Standard
Medi Assist shares surge 12% after block trades; check likely seller here
Shares of Medi Assist Healthcare surged over 12 per cent on Tuesday after about 11.1 million shares changed hands in two blocks with promoter entity Bessemer India as the likely seller. The small-cap insurance distributor company's stock rose as much as 12.54 per cent during the day to ₹594.1 per share, the steepest intraday rise since September 2 2024. The stock pared gains to trade 8.5 per cent higher at ₹573 apiece, compared to a 0.09 per cent decline in Nifty 50 as of 12:14 PM. Shares of the company snapped a three-day fall on Tuesday and currently trade at 21 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 0.5 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. Medi Assist has a total market capitalisation of ₹4,045.36 crore. Track LIVE Stock Market Updates Here Medi Assist Healthcare block deal The shares of the company took a plunge after 11.1 million shares, or 15.67 per cent stake, changed hands on NSE in two pre-market block trades, according to Bloomberg data. The news agency earlier reported that the company's promoter entity, Bessemer India Capital Holdings II Ltd., is likely to offload as many as 11.1 million shares of the company, at a floor price of ₹507 per share. Medi Assist Healthcare Q1FY26 results Net profit of Medi Assist Healthcare Services rose 19.02 per cent to ₹22.40 crore in the quarter ended June 2025, compared with ₹18.82 crore in the same period last year. Revenue increased 13.62 per cent to ₹190.56 crore from ₹167.71 crore a year earlier. Ebitda rose 18.5 per cent to ₹42.2 crore in the April-June quarter from ₹35.6 crore a year earlier. The Ebitda margin improved to 22.1 per cent from 21.2 per cent in the same period last fiscal. About Medi Assist Healthcare Through its subsidiary Mayfair We Care, the company provides TPA services to International Private Medical Insurance (IPMI), in 148 countries.
Economic Times
12-08-2025
- Business
- Economic Times
Medi Assist Healthcare Services shares rally 7% after Rs 578 crore block deal
Medi Assist Healthcare Services shares saw a sharp move in early trade on Tuesday, following a significant block deal worth Rs 578 crore. The stock surged 7.14% to an intraday high of Rs 565.20 on the BSE after the transaction took place in the block window. ADVERTISEMENT According to a Moneycontrol report, around 1.10 crore shares, translating to 15.67% of the company's equity, changed hands in the block deal window at Rs 523 apiece. The total transaction value was pegged at Rs 578 crore. Previous media reports had indicated that Bessemer India, a promoter group entity, might look to exit its entire stake in the company. As per shareholding data for the June 2025 quarter cited by Moneycontrol, Bessemer India held 15.67% in Medi Assist. The identity of the seller in Tuesday's deal, however, was not immediately confirmed. As of the June quarter, Medi Assist's ownership structure reflected promoter holdings of 20.6%, foreign institutional investors (FIIs) with 13.9%, domestic institutional investors (DIIs) controlling the largest share at 42.3%, and the public holding the remaining 23.3%. Medi Assist Healthcare Services share price history ADVERTISEMENT Over the past year, shares of Medi Assist Healthcare Services have gained 5.28%, while on a year-to-date (YTD) basis, it has declined by 7.22%. In the last six months, it is up 18.05%, and over the past three months, it has surged 23.25%. However, in the last month, the stock has slipped slightly by 0.22%. Unlock 500+ Stock Recos on App Also read: Praj Industries shares sink 9% to 52-week low as Q1 profit plummets 94% YoY (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12-08-2025
- Business
- Time of India
Medi Assist Healthcare Services shares rally 7% after Rs 578 crore block deal
Medi Assist Healthcare Services shares saw a sharp move in early trade on Tuesday, following a significant block deal worth Rs 578 crore. The stock surged 7.14% to an intraday high of Rs 565.20 on the BSE after the transaction took place in the block window. According to a Moneycontrol report, around 1.10 crore shares, translating to 15.67% of the company's equity, changed hands in the block deal window at Rs 523 apiece. The total transaction value was pegged at Rs 578 crore. Previous media reports had indicated that Bessemer India, a promoter group entity, might look to exit its entire stake in the company. As per shareholding data for the June 2025 quarter cited by Moneycontrol, Bessemer India held 15.67% in Medi Assist. The identity of the seller in Tuesday's deal, however, was not immediately confirmed. As of the June quarter, Medi Assist's ownership structure reflected promoter holdings of 20.6%, foreign institutional investors (FIIs) with 13.9%, domestic institutional investors (DIIs) controlling the largest share at 42.3%, and the public holding the remaining 23.3%. Medi Assist Healthcare Services share price history Over the past year, shares of Medi Assist Healthcare Services have gained 5.28%, while on a year-to-date (YTD) basis, it has declined by 7.22%. In the last six months, it is up 18.05%, and over the past three months, it has surged 23.25%. However, in the last month, the stock has slipped slightly by 0.22%. Also read: Praj Industries shares sink 9% to 52-week low as Q1 profit plummets 94% YoY ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ETMarkets WhatsApp channel )
