Business
HDFC MF Acquires 10 Lakh Shares of Global Health
HDFC Mutual Fund has purchased a 0.37 per cent stake in Global Health, the operator of the Medanta healthcare network, through an open market transaction worth more than ₹122 crore.
HDFC Mutual Fund on Monday acquired 10 lakh shares of Global Health, which operates hospitals under the Medanta brand, in a block deal worth over ₹122 crore.
According to block deal data available on the National Stock Exchange (NSE), the mutual fund purchased shares representing a 0.37 per cent stake in the healthcare company.
The shares were acquired at an average price of ₹1,225 per share, taking the total transaction value to approximately ₹122.50 crore.
The stake sale was carried out by Sunil Sachdeva, co-founder of Global Health.
Global Health is one of India’s leading private healthcare providers and operates the Medanta hospital network, known for its multi-speciality healthcare services across several cities.
Large institutional transactions involving healthcare companies continue to attract investor attention amid rising demand for quality healthcare infrastructure and strong growth prospects in India’s healthcare sector.