Private equity firm True North has sold 7.39 per cent stake in hospital firm Aster DM Healthcare Ltd. worth over Rs 448 crore through open market transactions.
A total of 3.73 crore shares, amounting to 7.39 percent, were offloaded by True North Fund III A at Rs 120.03 per share on Wednesday, translating into a Rs 448.47 crore transaction, according to bulk deal data available on National Stock Exchange.
According to the shareholding pattern available on the BSE, at the end of the March quarter, True North III A held 8.23 percent stake in Aster DM Healthcare.
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, Fidelity Management bought 48.28 lakh shares and Ontario Pension Board 27.6 lakh shares.
The four entities bought the Aster DM shares at Rs 120 apiece.
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