HDFC Mutual Fund reduced its shareholding in medi assist healthcare by 2.04% through open market sales on July 20, 2026. The aggregate holding of the mutual fund schemes decreased to 5.592% of the paid-up equity share capital, down from a previously disclosed 7.63% as of September 13, 2024. This change was communicated to the company in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure, submitted by Dinesh Bhakade, Lead – Compliance Governance at HDFC Asset Management Company Limited, detailed the specific shares sold. The transaction involved the sale of 11,89,737 equity shares carrying voting rights. Prior to the sale, the fund held 53,67,378 shares, representing 7.185% of the total voting capital based on the latest filing. Following the disposal, the holding stands at 41,77,641 shares.

The paid-up equity share capital of Medi Assist Healthcare Services Limited is reported as ₹37,35,09,210, comprising 7,47,01,842 equity shares of ₹5 each. The acquirer clarified that it does not belong to the promoter or promoter group of the target company. The shares of Medi Assist Healthcare Services Limited are listed on BSE Limited and National Stock Exchange of India Limited.

Shareholding Details

The mode of acquisition was specified as an open market transaction. The total diluted share or voting capital of the company was reported as not applicable (N.A.) for the purposes of this calculation.

Medi Assist Healthcare Services has integrated the Unique Identification Authority of India’s (UIDAI) Aadhaar Offline Verification Framework into its health benefits platforms. Announced on July 16, 2026, this follows the company’s registration as an Offline Verification Seeking Entity (OVSE). The integration enables secure, consent-based identity verification across key healthcare journeys, aiming to reduce paperwork and lower the risk of identity misuse and fraud.

The capability allows members to verify their identity quickly by sharing only necessary information for a specific transaction. By minimizing reliance on physical documents, the process safeguards privacy and enhances reliability. Location data captured during verification further confirms the authenticity of healthcare interactions, ensuring benefits are accessed only by rightful beneficiaries.

For insurers and employers, the integration strengthens identity assurance, reduces manual documentation, and supports faster claims processing. The feature will be available to Third-Party Administrators (TPAs), insurers, and pension funds utilizing Medi Assist's technology platforms.

Satish Gidugu, Chief Executive Officer, Medi Assist Group, stated that the integration strengthens trust by enabling consent-based verification across healthcare journeys. He emphasized that this helps members protect their benefits, assists hospitals with faster verification, and provides insurers with greater confidence in interactions.

The system is being deployed across multiple healthcare touchpoints. For cashless hospital admissions, members can complete verification at helpdesks without submitting physical documents. Additionally, Aadhaar Offline Identity Verification will soon be available via the MAven app for reimbursement claims, helping to reduce documentation-related delays.