Business Standard

Aster DM Healthcare concludes separation of biz in India, Gulf region

The Moopen family has retained a 35 per cent stake alongside management and operational rights, it added

Aster DM Healthcare

In the Indian operations, the Moopen family continues to hold 41.88 per cent stake, the healthcare firm stated.

Press Trust of India New Delhi

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Aster DM Healthcare on Wednesday said it has completed the separation of its India and GCC businesses.
Under the separation plan, a consortium of investors led by Fajr Capital, a sovereign-backed private equity firm, has acquired a 65 per cent stake in Aster GCC, the company said in a statement.
The Moopen family has retained a 35 per cent stake alongside management and operational rights, it added.
In the Indian operations, the Moopen family continues to hold 41.88 per cent stake, the healthcare firm stated.
"The transaction has now concluded, pursuant to which Affinity Holdings Ltd (a wholly-owned subsidiary of the company) has received a cash consideration of $907.6 million," the healthcare firm said.
In November 2023, Aster DM Healthcare had obtained board approvals to separate its Gulf and India businesses.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 03 2024 | 10:13 PM IST

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