HDFC Mutual Fund continues to display confidence in the healthcare sector, finalizing the purchase of 1 million shares in Global Health. Valued at approximately Rs 130 crore, the transaction was executed through an off-market deal with co-founder Sunil Sachdeva.
This latest move increases HDFC's total holdings in the company by 0.37%. It follows a similar investment made by the fund house just last month, signaling a strategic accumulation phase for the institutional investor.
The investment comes on the heels of strong financial performance from Global Health. The operator of the Medanta hospital chain recently posted a robust 39.7% jump in its Q4 net profit, bringing the quarterly total to Rs 141.7 crore.
The move highlights ongoing institutional interest in India's private healthcare infrastructure as these firms continue to report strong growth metrics in their quarterly filings.
