TPG sells 6.66% stake in Aster DM Quality Care for ₹4,451 crore
The large block transaction reshaped the hospital operator’s shareholder base, with institutional investors emerging as significant buyers of the shares
Investment firm TPG recently sold a 6.66% stake in healthcare provider Aster DM Quality Care for ₹4,451 crore through an open market sale. TPG, represented by its Mauritius-based affiliate Centella Mauritius Holdings Ltd, transferred 5.81 crore shares, equating to a 6.66% stake in the Hyderabad-based company. The shares were traded at an average price of ₹766.17 per share, totaling the deal size at ₹4,451.45 crore.
Following the transaction, Centella Mauritius Holdings now holds a 3.24% equity stake in Aster DM Quality Care, down from 9.90%. Meanwhile, financial institutions HDFC Mutual Fund, Kotak Mahindra MF, Citigroup Global Markets Singapore Pte, and Integrated Core Strategies Asia Pte together purchased 2,98,60,469 shares, giving them a 3.42% stake in the company.
This acquisition was made within a price range of ₹766.10-766.14 per share, resulting in an aggregate deal value of ₹2,287.63 crore. The share price of Aster DM Quality Care declined 2.20% to close at ₹800 on the NSE.
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