Citigroup, Goldman Sachs, and Morgan Stanley Acquire 15.67% Stake in Medi Assist Healthcare Services for ₹578 cr.

Citigroup, Goldman Sachs, and others have collectively purchased a 15.67% stake in Medi Assist Healthcare Services for ₹578 crore. The shares were bought at an average price of ₹522.70 apiece. Meanwhile, Bessemer India Capital Holdings II exited its entire 15.67% stake in the company.

Title: Citigroup, Goldman Sachs, and Others Acquire 15.67% Stake in Medi Assist Healthcare Services

New Delhi, July 02, 2025 — Citigroup Global Markets Mauritius, Goldman Sachs, Morgan Stanley, Kotak Mahindra Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Aditya Birla Sun Life Insurance Company, Canadian Crown Corp PSP Investments, and US-based Wasatch Global Investors collectively acquired a 15.67% stake in Medi Assist Healthcare Services for ₹578 crore through open market transactions. The shares were purchased at an average price of ₹522.70 apiece, taking the transaction value to ₹577.84 crore [1].

Bessemer India Capital Holdings II Ltd, one of the promoters of Medi Assist Healthcare Services, exited by divesting its entire 15.67% stake in the company. The divestment occurred on Tuesday, August 12, 2025 [2]. Shares of Bengaluru-based Medi Assist Healthcare Services rose 5.31% to close at ₹555.95 apiece on the NSE following the transaction [3].

The acquisition of the 15.67% stake by the aforementioned entities signifies a significant strategic move in the healthcare sector. This transaction marks a substantial increase in institutional ownership, which could potentially influence future corporate strategies and stock performance.

References
[1] https://money.rediff.com/news/market/medi-assist-stake-sold-to-citigroup-goldman/31874520250812
[2] https://www.theweek.in/wire-updates/business/2025/08/12/dcm117-biz-citigroup-medi-assist.html
[3] https://economictimes.indiatimes.com/markets/stocks/news/medi-assist-healthcare-services-shares-rally-7-after-rs-578-crore-block-deal/articleshow/123250233.cms