The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Massachusetts Institute of Technology & 238 ....
MEDIASSIST · price
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Massachusetts Institute of Technology (MIT) and its affiliated entity 238 Plan Associates LLC, acting as Persons Acting in Concert (PAC), have disclosed an acquisition that caused their combined holding to cross the 5% threshold in Medi Assist Healthcare Services Ltd. On 29 April 2026, MIT purchased 38,000 shares and 238 Plan purchased 12,000 shares on the open market, totaling 50,000 shares (0.07%). Their combined holding increased from 4.95% to 5.02% of the company's equity capital. Both acquirers are explicitly stated as NOT belonging to the Promoter/Promoter group. The disclosure is triggered because crossing the 5% substantial acquisition threshold requires filing under Regulation 29(1) of SAST Regulations.
This filing reveals institutional accumulation by MIT and its PAC, crossing the 5% regulatory threshold. While the acquirers are not promoters, crossing this threshold is significant as further purchases above 10% would trigger additional open offer obligations under takeover regulations.