True North sells Aster DM Healthcare stake worth Rs 448 crore

According to the shareholding pattern available on BSE NSE 0.03 %, at the end of March quarter, True North III A, held 8.23 per cent stake in Aster DM Healthcare, which runs hospitals in India and the Middle East.

New Delhi: Private equity firm True North has sold 7.39 per cent stake in Aster DM HealthcareNSE -0.43 % worth over Rs 448 crore through open market transactions. A total of 3.73 crore shares, amounting to 7.39 per cent stake, were offloaded by True North Fund IIIA at a price of Rs 120.03 per scrip Wednesday, translating into Rs 448.47-crore transaction, according to bulk deal data available on NSE.

According to the shareholding pattern available on BSE NSE 0.03 %, at the end of March quarter, True North III A, held 8.23 per cent stake in Aster DM Healthcare, which runs hospitals in India and the Middle East.

Also Read: Aster DM Healthcare Q4 net profit up 7.1 per cent to Rs 219.84 crore

In separate transactions, HDFC Mutual Fund bought 83 lakh shares of Aster DM for Rs 99.6 crore, Tata AIA Insurance purchased 50 lakh shares worth Rs 60 crore, while Fidelity Management and Ontario Pension Board bought 48.28 lakh shares and 27.6 lakh scrips, respectively for Rs 57.94 crore and Rs 33.18 crore.

The four entities bought the shares at Rs 120 apiece.

Also Read: Aster DM Healthcare to infuse Rs 750 crore to add 1500 beds in four new hospitals