NewsMIT and 238 Plan Associates Cross 5% Shareholding Threshold in Medi Assist Healthcare ServicesMIT and 238 Plan Associates Cross 5% Shareholding Threshold in Medi Assist Healthcare Services
Massachusetts Institute of Technology and 238 Plan Associates LLC have crossed the 5% shareholding threshold in Medi Assist Healthcare Services Limited after acquiring 50,000 shares on 29 April 2026. MIT purchased 38,000 shares while 238 Plan acquired 12,000 shares through open market transactions. Their combined holding increased from 4.95% to 5.02% of the company's total share capital, triggering mandatory disclosure under SEBI Takeover Regulations.
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Medi Assist Healthcare Services Limited has received a substantial acquisition disclosure from Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC after their combined shareholding crossed the 5% regulatory threshold on 29 April 2026.
Share Acquisition Details
The acquisition involved MIT purchasing 38,000 equity shares and 238 Plan Associates LLC acquiring 12,000 equity shares through open market transactions. Both entities are acting as persons acting in concert (PAC) for this investment.
| Acquirer | Shares Acquired | Percentage |
|---|---|---|
| MIT | 38,000 | 0.05% |
| 238 Plan Associates LLC | 12,000 | 0.02% |
| Total Acquisition | 50,000 | 0.07% |
Shareholding Pattern Changes
The acquisition resulted in a significant change in the combined shareholding pattern of both entities:
| Holding Period | MIT Holdings | 238 Plan Holdings | Combined Holdings | Combined Percentage |
|---|---|---|---|---|
| Before Acquisition | 2,890,830 shares | 810,170 shares | 3,701,000 shares | 4.95% |
| After Acquisition | 2,928,830 shares | 822,170 shares | 3,751,000 shares | 5.02% |
Regulatory Compliance
The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the combined holding crossed the mandatory 5% threshold. The document was signed by Seth Alexander, President of MIT Investment Management Company, representing both entities as authorized signatory.
Company Share Capital Structure
Medi Assist Healthcare Services Limited maintains a total equity share capital of 74,701,842 equity shares with a face value of INR 5 each, amounting to INR 373,509,210. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.
Investment Background
Neither MIT nor 238 Plan Associates LLC belong to the promoter or promoter group of Medi Assist Healthcare Services Limited. The acquisition represents a strategic investment by these institutional entities in the healthcare services sector through open market purchases.
Historical Stock Returns for Medi Assist Healthcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.29% | -4.98% | +13.73% | -37.83% | -23.08% | -25.65% |
Will MIT and 238 Plan Associates continue increasing their stake in Medi Assist Healthcare, potentially triggering higher disclosure thresholds?
How might this institutional investment from MIT influence Medi Assist's research and development initiatives in healthcare technology?
Could this strategic investment signal broader institutional interest in India's healthcare services sector following recent market trends?
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