Medi Assist shares gain 10% as promoter stake falls further after shares worth ₹578 crore change hands

As many as 1.1 crore shares, or 15.67% equity, of Medi Assist Healthcare Services Ltd. worth ₹578 crore changed hands at ₹523 per share in a block deal window on Tuesday, August 12.

On Monday, August 11, CNBC-TV18 had reported, citing sources that promoter entity Bessemer India was likely to sell up to 4% stake in the insurance-tech company for ₹560 crore via block deals. The floor price was set at ₹507 per share, the sources said.

At the end of the June quarter, Bessemer India Capital Holdings held 15.67% stake in the company. Post-deal, the total promoter holding falls to just 4.88%.

Mutual Funds hold 25.6% stake in the company, while alternate funds hold 7%, insurance companies hold 9.5%, FIIs and foreign companies hold 13.8% and 4%, respectively.

Medi Assist Healthcare reported a 19% increase in its first quarter net profit at ₹22.4 crore from ₹18.8 crore in the year-ago period. Its revenue increased 13.6% to ₹190.5 crore from ₹167.7 crore in the previous year.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 18.5% to ₹42.2 crore in the quarter under review from ₹35.6 crore in the previous fiscal. Its EBITDA margin expanded to 22.1% from 21.2% in the year-ago period.

As of June 30, 2025, the company's net worth was at ₹577.391 crore compared to ₹503.16 crore in the previous year. Its annualised return on net worth stood at 15.68% in comparison to 15.16% in the year-ago period.

Earlier this month, Medi Assist's board of directors also approved a proposal to raise funds via a preferential allotment on a private placement basis. the company will raise ₹198 crore by issuing up to 37.01 lakh fully-paid up equity shares of face value ₹5 each.

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