HDFC Mutual Fund picks up over 0.5% stake in Medi Assist Healthcare, CPP Investment Board exits Powergrid InvIT

Bulk Deals on December 19

HDFC Mutual Fund, managed by the HDFC Asset Management Company, has picked up additional over half a percent stake in Medi Assist Healthcare Services via open market transactions on December 19.

Despite stake buy, Medi Assist shares fell sharply by 6.87 percent to Rs 437 amid high volumes on the NSE.

HDFC Mutual Fund acquired 3.81 lakh shares (equivalent to 0.51 percent of paid-up equity) in Medi Assist that acts as a third-party administrator for managing employee health insurance for companies for Rs 16.5 crore at Rs 433 per share.

As of September 2025, HDFC Large and Mid Cap Fund already held 7.53 percent stake in Medi Assist.

Meanwhile, HDFC Mutual Fund also acquired additional 77.67 lakh units (0.85 percent stake) in Powergrid Infrastructure Investment Trust for Rs 66.41 crore at Rs 85.5 per unit. The fund house already owned 3.94 percent stake in the infrastructure investment trust as of September 2025.

Further, ICICI Prudential Mutual Fund bought 3.84 crore units (4.22 percent stake) in the infrastructure investment trust for Rs 328.45 crore at the same price.

However, CPP Investment Board Private Holdings (4) Inc, owned by Canada Pension Plan Investment Board, exited Powergrid InvIT by selling entire 9.18 crore units (10.09 percent stake) for Rs 786 crore at Rs 85.58 per unit.

Powergrid InvIT saw significant gap-down on Friday, closing 3.85 percent lower at Rs 89.16 amid strong volumes.

Greenx Wealth Multihorizons Opportunity Fund bought 1.5 lakh shares in Transteel Seating Tech at Rs 143.93 per share for Rs 2.15 crore, while Kriis Portfolio sold 75,000 shares in Srivasavi Adhesive Tape for Rs 30.69 lakh at Rs 40.92 per share.