Wasatch Advisors LP and Aditya Birla Sun Life MF Increase Stakes in Medi Assist Healthcare
Wasatch Advisors LP and Aditya Birla Sun Life Mutual Fund have significantly increased their stakes in Medi Assist Healthcare Services Ltd. Wasatch Advisors LP raised its holding from 2.19% to 5.84% of voting capital, while Aditya Birla Sun Life MF increased its stake to 7.03% of total share capital. These transactions were disclosed in regulatory filings to stock exchanges. Medi Assist Healthcare Services has a total share capital of 70,538,100 shares with a par value of Rs 5.00 each and is listed on both NSE and BSE.

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Medi Assist Healthcare Services Ltd has seen significant changes in its shareholding pattern, with two major investors increasing their stakes in the company.
Wasatch Advisors LP Boosts Shareholding
Wasatch Advisors LP, a U.S.-based investment firm, has substantially increased its stake in Medi Assist Healthcare Services Ltd. Through open market purchases, Wasatch acquired 2,572,378 shares, raising its total holding from 1,544,039 shares (2.19% of the voting capital) to 4,116,417 shares (5.84% of the voting capital).
Aditya Birla Sun Life MF Also Increases Stake
In a separate transaction, Aditya Birla Sun Life Mutual Fund has also raised its stake in Medi Assist Healthcare. The fund house acquired 1,913,739 shares, increasing its total holding to 4,961,061 shares, which represents 7.03% of the company's total share capital.
Details of the Transactions
The transactions were disclosed in regulatory filings to the stock exchanges. Here's a breakdown of the changes:
Investor | Previous Holding | New Acquisition | Current Holding | Current Stake |
---|---|---|---|---|
Wasatch Advisors LP | 1,544,039 | 2,572,378 | 4,116,417 | 5.84% |
Aditya Birla Sun Life MF | 3,047,322 | 1,913,739 | 4,961,061 | 7.03% |
Company Information
Medi Assist Healthcare Services Ltd is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company has a total share capital of 70,538,100 shares with a par value of Rs 5.00 each.
Market Implications
These significant stake increases by institutional investors could be seen as a positive sign for Medi Assist Healthcare, potentially indicating confidence in the company's future prospects. However, it's important to note that Wasatch Advisors LP is not part of the promoter group, as stated in their disclosure.
The company is set to hold its 25th Annual General Meeting, for which the notice and annual report will be sent to shareholders electronically.
Investors and market watchers will likely keep a close eye on Medi Assist Healthcare's performance and any further changes in its shareholding pattern in the coming months.
Historical Stock Returns for Medi Assist Healthcare
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.53% | +4.61% | +6.08% | +19.70% | -17.43% | +18.57% |