Bessemer India to Sell up to 4% Stake in Medi Assist

Bessemer India, an investor, is planning to sell a part of its ownership in Medi Assist, an insurance-tech company.

They aim to sell up to 4% of their shares, which is estimated to be worth ₹560 crore.

The price per share will be slightly lower than the current market price.

Medi Assist recently made more money, with a 19.1% increase in profit compared to last year.

They also earned more revenue, about 13.6% more, showing the company is doing well.

This means the company is growing and making more money than before.