Shares of Medi Assist Healthcare surged over 3% in trade today to hit a fresh lifetime high amid a large block deal in the stock today. The stock hit a new lifetime high of Rs 647.80. Shares of Medi Assist Healthcare have been in focus ever since their acquisition of Paramount. In the last one week, the stock has surged nearly 4.6%, data shows.
Earlier today, a total of 95 lakh shares, representing 13.5% equity in Medi Assist Healthcare Services, valued at ₹580.5 crore, were traded at ₹612 per share in a block deal today in the pre-open block deal window. According to media reports, Bessemer was likely to sell a 13.5% stake in the company via block deals today.
According to the report, the block deal floor price was set at Rs 570 per share, which was 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.
