TPG sells 6.66% Aster DM Quality Care stake for Rs 4,451 crore

TPG sold a 6.66% stake in Aster DM Quality Care for Rs 4,451 crore through an open market transaction. The sale came via its affiliate Centella Mauritius Holdings, which offloaded 5.81 crore shares at an average price of Rs 766.17 each, according to bulk deal data on the National Stock Exchange.

The transaction lowered Centella's holding in Aster DM to 3.24% from 9.90%.

Four institutional investors bought a combined 3.42% stake. HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Citigroup Global Markets Singapore, and Integrated Core Strategies Asia Pte together acquired 2.98 crore shares at Rs 766.10–Rs 766.14 apiece, with the total purchase value reaching Rs 2,287.63 crore.

Aster DM Quality Care, a Hyderabad-based healthcare services provider, saw its shares end the session 2.2% lower at Rs 800 on the NSE.