1 week ago

TPG Sells 6.66% Aster DM Quality Care Stake

TPG Sells 6.66% Aster DM Quality Care Stake
TPG sells 6.66% Aster DM Quality Care stake for Rs 4,451 crore · thehindubusinessline.com

TPG sold part of its ownership in Aster DM Quality Care.

The stake sold was 6.66% of the healthcare company.

TPG made the sale through its affiliate, Centella Mauritius Holdings.

The shares were sold for about Rs 4,451 crore.

After selling them, Centella owned 3.24% instead of 9.90%.

Several investment funds and financial companies bought some Aster shares.

Together, those buyers acquired a 3.42% stake.

Aster’s share price ended lower on the National Stock Exchange that day.

Key facts

Seller
Centella Mauritius Holdings, an affiliate of TPG
Stake sold
6.66%, or 5.81 crore shares
Deal value
Rs 4,451.45 crore
Average sale price
Rs 766.17 per share
Remaining stake
Centella Mauritius Holdings’ stake fell from 9.90% to 3.24%
Combined buyers
Four named institutions bought 2,98,60,469 shares, representing 3.42%
Closing share price
Aster DM Quality Care closed at Rs 800, down 2.20%, on the NSE

Sources

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