TPG, Temasek sell 13% stake in Dr Agarwals Health Care for Rs 2,008 crore
Global investors TPG and Temasek sold nearly thirteen percent of Dr Agarwals Health Care. They collectively offloaded over four crore equity shares for two thousand eight crore rupees. Several mutual funds and investment firms purchased a significant stake in the eye care chain. This stake sale occurred after the company reported strong quarterly financial results. Dr Agarwals Health Care shares…
TPG and Temasek collectively offloaded nearly a 13% stake in eye care chain Dr Agarwals Health Care through open market transactions, leading to a 6% drop in the company's shares. The Chennai-based firm was sold for Rs 2,008 crore, representing a 12.64% stake. Hyperion Investments (15.47%) and Claymore Investments (5.17%) were the largest shareholders post-sale.
ICICI Prudential Mutual Fund, Invesco Mutual Fund, Polar Capital and Allianz Global Investors purchased over 1.51 crore shares, securing a 5% stake. Despite the sale, TPG and Temasek remain the largest public shareholders. Dr Agarwals Health Care's shares fell nearly 6% to close at Rs 511 on the NSE. The stake sale occurred after the company reported strong Q1FY27 numbers, with consolidated profit after tax rising 44.6% year-on-year to Rs 55.02 crore.
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