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TPG Sells Aster DM Stake for ₹4,451 Crore

By ThePip DeskTPG Sells Aster DM Stake for ₹4,451 Crore

TPG’s affiliate, Centella Mauritius Holdings, divested a 6.66% stake in Aster DM Quality Care for ₹4,451.45 crore via an open market transaction. Key buyers include HDFC Mutual Fund and Citigroup.

TPG, through its affiliate Centella Mauritius Holdings, has divested a 6.66% stake in Aster DM Quality Care. This open market transaction was valued at approximately Rs 4,451.45 crore.

Transaction Details

  • Stake Sold: 6.66%
  • Total Value: Rs 4,451.45 crore
  • Shares Offloaded: 5.81 crore
  • Average Price Per Share: Rs 766.17

Centella Mauritius Holdings executed the sale by offloading 5.81 crore shares of the company at an average price of Rs 766.17.

Key Buyers Emerge

  • HDFC Mutual Fund acquired approximately 1.50 crore shares for Rs 1,149.91 crore.
  • Citigroup Global Markets Singapore purchased 52.88 lakh shares, amounting to Rs 405.11 crore.
  • Integrated Core Strategies Asia bought around 49.95 lakh shares for Rs 382.65 crore.
  • Kotak Mahindra Mutual Fund secured approximately 45.68 lakh shares at Rs 349.95 crore.

Aster DM Quality Care, previously known as Aster DM Healthcare, operates across diverse segments of the healthcare industry. Its services include hospitals, clinics, and retail pharmacies, catering to patients in several GCC states through brands such as ‘Aster’, ‘Medcare’, and ‘Access’.

This significant stake sale marks a notable event in the open market, involving major institutional players.

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