Shares of Medi Assist Healthcare will be in focus in trade tomorrow on the back of a large block deal expected in the stock. According to a report from CNBC Awaaz, Bessemer India Capital Holdings will offload shares worth Rs 540 crore via a block deal tomorrow. The report stated that the seller is likely to offload 94.9 lakh shares or 13.5% stake in Medi Assist Healthcare via the block deal tomorrow.
According to the report, the block deal floor price is set at Rs 570 per share, which is at a 7.7% discount to the current market price. Furthermore, the remaining holdings of the seller will be locked-up for sale until July of next year.
