MEDIASSISTMedi Assist Healthcare Services Ltd.

Medi Assist Healthcare Services approves ₹49 crore buyback at ₹425 a share

Corporate action
health insurance services

Blacklitt Research30 October 20263 min read

Medi Assist Healthcare Services (NSE: MEDIASSIST) has approved a buyback of up to 11,59,199 equity shares at ₹425 each through the tender offer route, it said in a filing on 30 Oct 2026. The buyback size is not exceeding ₹49.27 crore, excluding transaction costs.

Key highlights

Buyback size: not exceeding ₹49.27 crore, excluding transaction costs
Price: ₹425 per equity share, payable in cash
Shares proposed: up to 11,59,199, or 1.55% of paid-up capital
Record date: 20 Nov 2026

The buyback in numbers

Item	Detail
Route	Tender offer, using the stock exchange mechanism
Shares proposed	Up to 11,59,199 fully paid-up equity shares of ₹5 face value
Price	₹425 per equity share, payable in cash
Buyback size	Not exceeding ₹49.27 crore, excluding transaction costs
Record date	20 Nov 2026
Promoter group holding before buyback	34,41,836 shares, 4.61% of paid-up capital
Compliance officer	Rashmi BV, Company Secretary

Price and size of the buyback

The Board approved the buyback at its meeting on 30 Oct 2026, covering up to 11,59,199 fully paid-up equity shares of ₹5 face value, through the tender offer route. At ₹425 a share, the maximum outlay is ₹49.27 crore, which the filing says is within 10% of the aggregate of paid-up equity capital and free reserves under the Board approval route. The size excludes brokerage, taxes, stamp duty and other transaction costs.

The ₹425 price is about 44.0% above the ₹295.20 close on 30 Oct 2026. The Board or the Buyback Committee may, one working day before the record date, raise the price and reduce the number of shares, keeping the buyback size unchanged.

Shareholding before the buyback

Promoters and the promoter group hold 34,41,836 shares, or 4.61% of paid-up capital, and public shareholders hold 7,12,60,006 shares, or 95.39%, against a total of 7,47,01,842 shares as of 30 Sep 2026. The 11,59,199 shares proposed for buyback represent 1.55% of that capital.

The filing says the buyback is on a proportionate basis from all shareholders and beneficial owners. The promoter and promoter group have indicated they will not participate.

Record date and next steps

Friday, 20 Nov 2026 is fixed as the record date for determining the entitlement of shareholders to take part. Rashmi BV, Company Secretary, has been appointed compliance officer for the buyback.

The process, timelines and other details of the buyback are to be set out in a public announcement and a letter of offer, to be published later.

What the buyback means for Medi Assist Healthcare Services's shareholders

The company is offering to buy back up to 1.55% of its paid-up capital at ₹425 a share, and the record date of 20 Nov 2026 sets who is entitled to take part. The promoter group is not taking part, so the buyback is open to the other shareholders.

Not stated: the final number of shares bought back, the source of funds, the tender period and payment dates, the reason for the buyback, and the post-buyback shareholding pattern. The next dated step is the record date of 20 Nov 2026; one working day before it, the price and share count may be revised.

Reference: Original filing (PDF)

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