StockWatch
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Insurance Distributors
Shareholding2 May 2026, 03:00 pm

Medi Assist: MIT & 238 Plan Cross 5% Threshold

AI Summary

Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC have collectively crossed the 5% threshold in Medi Assist Healthcare Services Limited, triggering Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. MIT acquired 38,000 shares and 238 Plan acquired 12,000 shares on April 29, 2026. Following the acquisition, MIT holds 3.92% (2,928,830 shares) and 238 Plan holds 1.10% (822,170 shares), bringing their combined holding to 5.02% (3,751,000 shares). The acquisitions were made through open market purchases.

Key Highlights

  • MIT and 238 Plan collectively hold 5.02% of Medi Assist post-acquisition.
  • MIT acquired 38,000 shares, and 238 Plan acquired 12,000 shares on April 29, 2026.
  • The acquisitions triggered SEBI's Takeover Regulations due to crossing the 5% threshold.
  • The acquisitions were executed through open market purchases.