Medi Assist Healthcare Services Ltd. is experiencing a strong uptick in its stock price, trading at ₹651.00, up ₹39.40 or 6.44% at 12:28 PM on September 4, 2024. This rise follows the recent news that Bessemer Venture Partners sold a 13.5% stake in the company for ₹580 crore.
The stock opened at ₹613.90 and reached a high of ₹657.20 during the trading session, with a low of ₹612.60. The previous close was ₹611.60, indicating a positive shift in investor sentiment following the stake sale.
Bessemer’s stake sale involved the offloading of approximately 9.49 million shares at an average price of ₹611.70 each, reducing its ownership in Medi Assist from 29.22% to 15.72%. The shares were acquired by several institutional investors, including Goldman Sachs and Morgan Stanley, which has likely contributed to the increased interest in the stock.
The positive market reaction reflects investor confidence in Medi Assist’s growth prospects, particularly as the company continues to expand its services in the healthcare sector.
