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Aster DM block deal: 9.3% stake sold for Rs 1,607 crore; Olympus likely seller

Money Control

Money Control · 1y ago

Aster DM block deal: 9.3% stake sold for Rs 1,607 crore; Olympus likely seller

On June 20th, Aster DM Healthcare's share price increased by 1.1% to reach Rs 355.9 at close. It has seen a decline of nearly 19% since March 27, which was when Olympus last sold its stake in the company. On June 21st, around 9.3% of Aster DM Healthcare's equity was sold for Rs 1,607 crore in block deals. Olympus, a private equity firm, is likely to sell part of its remaining stake in the company. This move would mark Olympus' complete exit from Aster DM Healthcare.

Related News

Indegene Shares Tank 5% After Carlyle Affiliate Likely Exits in Rs 1,504-Cr Block Deal

OutlookIndia

OutlookIndia · 2m ago

Indegene Shares Tank 5% After Carlyle Affiliate Likely Exits in Rs 1,504-Cr Block Deal

Shares of Indegene fell by 5% after a significant block deal valued at ₹1,504 crore, reportedly involving Carlyle’s affiliate, CA Dawn Investments, as the seller. The block deal, involving 2.53 crore shares, equated to a 10.56% stake in Indegene. It was executed at ₹594 per share, a discount from the previous closing price. This move follows earlier stake reductions by CA Dawn Investments, which also sold a 4.7% stake for ₹707 crore last December.

Live: Will Nifty End The Week Above 23,600?| Aster DM Block Deal Likely Today| Opening Bell

Money Control

Money Control · 1y ago

Live: Will Nifty End The Week Above 23,600?| Aster DM Block Deal Likely Today| Opening Bell

The Nifty 50 ended the week on a positive note, closing at a new record high of 23,567 points. It is expected to remain range-bound with resistance at 23,600-23,650 points. If it breaks this range, a strong uptrend may follow, with support at 23,400 points. Accenture's revenue growth guidance and a possible block deal in Aster DM will be closely watched. Additionally, Stanley Lifestyle's Rs 537 crore IPO opens for subscription today.

Olympus Capital again trims stake in decade-old Indian portfolio firm

VCCircle

VCCircle · 1y ago

Olympus Capital again trims stake in decade-old Indian portfolio firm

Private equity firm Olympus Capital Asia has sold over half of its stake in an Indian healthcare services provider. This is another move to monetize its investment in the company, which Olympus Capital initially backed more than a decade ago. Olympus Capital has made only around twelve investments in India across various sectors.

Aster DM eyeing fresh funding as it moves to buy remaining stake in arm

VCCircle

VCCircle · 8m ago

Aster DM eyeing fresh funding as it moves to buy remaining stake in arm

Listed hospital chain Aster DM Healthcare is planning to raise fresh capital from select investors as it moves to acquire the remaining 13% stake in subsidiary Aster Aadhar Hospital. The acquisition will bring Aster DM Healthcare's ownership to 100%. The company is also seeking board approval to issue additional equity shares via preferential allotment, allowing specific investors to purchase up to 5% of the company's total equity post-issuance. If approved, the value of the 5% shares would be around $140m. Aster DM Healthcare operates 19 hospitals with nearly 5,000 beds across India.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 1y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.

LIC's tiny block deal in Rs 5 crore Modella Woollens. Check deal size

Economic Times

Economic Times · 1m ago

LIC's tiny block deal in Rs 5 crore Modella Woollens. Check deal size

LIC sold a small stake in Modella Woollens, a micro-cap company with a market cap of Rs 5 crore, via a Rs 2.74 lakh block deal. The state-run insurer offloaded 4,809 shares at Rs 57 each, marginally reducing its 16.75% equity stake. The company, mainly involved in trading synthetic suiting materials, has faced a 5% stock price decline in 2025, with Q4FY25 standalone losses reported at Rs 4.87 lakh.

The big hospital merger: Aster DM, Care to sign deal next month

Livemint

Livemint · 1y ago

The big hospital merger: Aster DM, Care to sign deal next month

Bengaluru-based Aster DM Healthcare and Hyderabad-based Care Hospitals, both backed by Blackstone, are set to merge next month, according to sources. The new entity, potentially named Aster DM Quality Care Pvt. Ltd, will become India's third-largest hospital chain with close to 9,900 beds. The deal is currently under due diligence, with a share swap ratio of 50:50 agreed upon. The Moopen family, Blackstone, TPG, and other investors will own stakes in the combined entity, and an open offer is expected after the merger. The merger will have to be approved by the National Company Law Tribunal.

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Inc42 · 1y ago

Canada Pension Board Offloads Nykaa Shares For INR 256 Cr

Canadian Pension Plan Investment Board (CPPIB) has sold its remaining 3.18% stake in logistics company Delhivery for INR 910 Cr. In another deal, ICICI Prudential Mutual Fund India purchased shares sold by beauty e-commerce major Nykaa. CPPIB sold over 1.47 Cr shares of Nykaa for INR 256.4 Cr in a block deal at a price of INR 174.04 per share.

KPR Mill Shares Spin into Red After Promoters Sell Stake in Block Deal

OutlookIndia

OutlookIndia · 2m ago

KPR Mill Shares Spin into Red After Promoters Sell Stake in Block Deal

KPR Mill shares dropped by up to 7% on the BSE following a block deal by the company's promoters, who sold a 3.2% stake. This transaction, amounting to approximately Rs 1,195.6 crore, saw over 1.13 crore shares traded, with the floor price set at Rs 1,107 per share. Despite the initial drop, the shares recovered slightly, trading at Rs 1,166.25, down 5.2%, with a current market cap of Rs 39,864.06 crore.

Blackstone sells Mphasis tranche in early Monday trade

Livemint

Livemint · 1y ago

Blackstone sells Mphasis tranche in early Monday trade

Blackstone has sold a 15.6% stake in Mphasis Ltd, amounting to 29.5 million shares, for approximately ₹7,066 crore. This is the second time Blackstone has sold Mphasis shares, after initially acquiring a majority stake in the company in 2016. The shares were sold through a block deal early on 10 June. Mphasis is an IT services company based in Bengaluru, India.

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