Hospital chain Aster DM says deal to sell major stake in Gulf business nearing completion

Aster DM Quality Care

20/03/2024 09:48

BENGALURU, March 20 (Reuters) - Hospital chain Aster DM
Healthcare  ATRD.NS  on Wednesday said that the separation of
its Indian and Gulf businesses, alongside the proposed
investment in its GCC business by an investor group, is in the
final stage of completion.
    Aster DM Healthcare in November last year had agreed to sell
a majority stake in its Gulf business to a consortium led by
private-equity firm Fajr Capital for $1 billion.

 (Reporting by Ashish Chandra in Bengaluru; Editing by Dhanya
Ann Thoppil)
 ((ashish.chandra@thomsonreuters.com; +91 7982114624;))