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Medi Assist Receives Promoter Group Re-Classification Requests With No Impact on Shareholding

Story Highlights
  • Medi Assist’s Bessemer-linked and other promoter group entities have sought re-classification from promoter to public shareholder status under SEBI rules.
  • The entities now hold no Medi Assist shares, so the requested re-classification will not alter overall promoter group shareholding, pending board and regulatory approvals.
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Medi Assist Receives Promoter Group Re-Classification Requests With No Impact on Shareholding

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An announcement from Medi Assist Healthcare Services Limited ( (IN:MEDIASSIST) ) is now available.

Medi Assist Healthcare Services Limited has disclosed that several Bessemer-affiliated entities and other promoter group companies have requested re-classification from the ‘promoter/promoter group’ category to the ‘public’ category under SEBI’s Listing Regulations. The entities seeking re-classification currently hold no equity in Medi Assist, and the company has clarified that the move will not affect the overall promoter and promoter group shareholding, with the requests now pending consideration by the board and subject to regulatory approvals.

More about Medi Assist Healthcare Services Limited

Medi Assist Healthcare Services Limited operates in the healthcare services and insurance facilitation space, serving as a third-party administrator that manages health benefits for insurers, corporates, and individuals in India. The company’s business centers on administering health insurance claims and related services, positioning it as a key intermediary within the health insurance and healthcare delivery ecosystem.

Average Trading Volume: 19,617

Technical Sentiment Signal: Sell

Current Market Cap: 33.01B INR

Find detailed analytics on MEDIASSIST stock on TipRanks’ Stock Analysis page.

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