Medi Assist Healthcare Services saw its shares jump more than 7% this week after Bessemer Venture Partners sold a 13.5% stake in the company for ₹580 crore.
Bessemer sold 9.49 million shares for an average price of ₹611.70, cutting its ownership in Medi Assist from 29.22% to 15.72%. Several institutional investors, including Goldman Sachs and Morgan Stanley, acquired shares, which is believed to have contributed to the stock’s increased interest.
The strong market reaction demonstrates investor confidence in Medi Assist’s future development possibilities, particularly as the firm expands its healthcare services.
Stock Performance on Friday
– Open: ₹654.50
– High: ₹667.55
– Low: ₹641.55
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Share Market