Bulk-Block deals: Bessemer India exits Medi Assist for Rs 577.8 crore

Bulk, Block Deals on August 12

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26 Aug, 2025 12:21

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Promoter Bessemer India Capital Holdings II exited Medi Assist Healthcare Services that provides third party administration services to insurance companies, by selling entire shareholding in the company through open market transactions for Rs 577.8 crore on August 12.

Bessemer India, being the foreign promoter in Medi Assist, sold 1.1 crore shares (equivalent to 15.67 percent stake) at Rs 522.7 per share, the block deals data published on the National Stock Exchange showed.

Medi Assist provides third party administration services to insurance companies through its wholly owned subsidiaries, Medi Assist TPA and Paramount Health Services & Insurance TPA.

On the other side, 16 institutional investors bought the said 1.1 crore shares from Bessemer India including domestic and global investors like Aditya Birla Sun Life Insurance, Aditya Birla Sun Life Mutual Fund, Wasatch, Citigroup, Edelweiss Mutual Fund, Goldman Sachs, HDFC MF, ICICI Prudential MF, Kotak Mahindra MF, Morgan Stanley, Public Sector PEnsion Investment Board, and Sundaram MF.

Medi Assist shares closed the session strongly higher on Tuesday, rising 5.3 percent to Rs 556.1, despite the exit of Bessemer India.

Meanwhile, HDFC Mutual Fund remained net seller in Repco Home Finance for second consecutive session, offloading 9.58 lakh shares (equivalent to 1.5 percent stake) at Rs 388.71 per share. However, Fidelity Funds - Asian Smaller Companies Pool bought 6.2 lakh shares (0.99 percent stake) at Rs 388.7 per share.

Repco Home Finance shares remained under pressure for sixth consecutive session, falling 0.83 percent to Rs 383.75.

In the previous session, HDFC Mutual Fund sold 4.8 lakh shares at Rs 384.55 per share, and 4 lakh shares at Rs 386.5 per share. HDFC Small Cap Fund held 6.98 percent stake (43.66 lakh shares) in housing finance company as of June 2025.

Unilex Colours and Chemicals was also in focus, falling 3 percent to Rs 43.80. Amrut Bharat Opportunities Fund - Series I sold 70,400 shares in the company at Rs 44.17 per share. The fund had held 2.37 percent stake (3.23 lakh shares) in the company as of March 2025.