New Delhi: On Tuesday, Bessemer Venture Partners, headquartered in California, reduced their ownership in Medi Assist Healthcare Services by 13.5 pc for Rs 580 crore through open market transactions, as Goldman Sachs, Morgan Stanley, and Societe Generale (SocGen) increased their stakes in the company.
Bessemer Venture Partners, through its subsidiary Bessemer India Capital Holdings II, sold 94,90,258 shares, equivalent to a 13.5 pc stake in Medi Assist Healthcare Services, according to block deal data on the National Stock Exchange (NSE). The transaction value amounted to Rs 580.52 crore as the shares were sold at an average price of Rs 611.70 each.
According to NSE data, Novo Holdings A/S, a public shareholder, also offloaded 500,000 shares of Medi Assist Healthcare Services at the identical price. Following the most recent transaction, Bessemer Venture Partners now holds a reduced ownership stake of 15.72 per cent in Medi Assist Healthcare Services, down from 29.22 per cent.
Invesco Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Aditya Birla Sun Life Insurance, Citigroup Global Markets Mauritius, Goldman Sachs, Morgan Stanley, Capital Group, SocGen, and SBI Life Insurance purchased shares of Medi Assist Healthcare Services. Shares of Medi Assist Healthcare Services on the NSE dropped by 1 percent on Tuesday, ending at Rs 611.70 per share.
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