HDFC Mutual Fund Buys Additional 10 Lakh Shares Of Global Health For Rs 130 Crore

HDFC Mutual Fund Expands Stake in Global Health with Major Share Purchase

HDFC Mutual Fund has ramped up its investment by acquiring an additional 10 lakh shares of Global Health, renowned for its Medanta hospitals, from co-founder Sunil Sachdeva for a hefty Rs 130 crore. This move follows a previous purchase made just last month, reinforcing the fund's commitment to the healthcare sector. The latest transaction represents a 0.37% ownership stake in the company.

In a related development, Global Health announced a notable surge in its financial performance, reporting a remarkable 39.7% rise in profit after tax for the fourth quarter, which amounted to Rs 141.7 crore.