Moopen family raises stake in Aster DM Quality Care to 24.58% as TPG pares holding
Union (Mauritius) Holdings Ltd, owned and promoted by Dr Moopen and his family, acquired 46.09 lakh equity shares of Aster DM Quality Care at ₹760 apiece on September 2
The Moopen family, led by Aster DM Quality Care founder and Executive Chairman Dr Azad Moopen, has expanded its ownership in the recently merged hospital chain to 24.58%. The increase came from the acquisition of an additional 0.57% stake from TPG-backed Centella Mauritius Holdings for ₹350.34 crore. Earlier this year, TPG sold a 6.66% stake to Centella Mauritius Holdings, reducing its holding from 9.90% to 3.24%.
The Moopen family's stake increase follows the merger of Aster DM Healthcare and Quality Care India, which brought four healthcare brands under one platform. The combined entity operates 39 hospitals across 28 cities, with a focus on expanding into tier-II and tier-III cities and pursuing capacity expansion.
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