TPG Pares 6.66% Stake in Aster DM Quality Care for Rs 4,451 Crore

New Delhi: Investment management firm TPG on Wednesday sold a 6.66 per cent stake in healthcare services provider Aster DM Quality Care for Rs 4,451 crore through an open market transaction.

US-based TPG, through its affiliate Centella Mauritius Holdings Ltd, offloaded 5.81 crore shares, representing a 6.66 per cent stake in Hyderabad-based Aster DM Quality Care, as per the bulk deal data on the National Stock Exchange (NSE).

The shares were disposed of at an average price of Rs 766.17 apiece, taking the deal size to Rs 4,451.45 crore.

After the latest transaction, Centella Mauritius Holdings’ equity stake in Aster DM Quality Care declined to 3.24 per cent from 9.90 per cent.

Meanwhile, HDFC Mutual Fund (MF), Kotak Mahindra MF, Citigroup Global Markets Singapore Pte and Integrated Core Strategies Asia Pte together bought a total of 2,98,60,469 equity shares, amounting to a 3.42 per cent stake in Aster DM Quality Care.

These entities acquired the shares in the price range of Rs 766.10-766.14 apiece, taking the aggregate deal value to Rs 2,287.63 crore.

Details of the other buyers of Aster DM Quality Care’s shares could not be ascertained on the exchange.

Shares of Aster DM Quality Care fell 2.20 per cent to close at Rs 800 apiece on the NSE.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)