Key Points
(Reuters) -Private equity firm Olympus Capital Asia plans to sell a 9.8% stake in Indias Aster DM Healthcare for up to 19.53 billion rupees (nearly $235 million), according to a term sheet seen by Reuters on Tuesday...
Olympus Capital, which owns about 19% stake in the hospital chain, is planning the sale at 400-437.20 rupees per share..
The low end of the range represents an 8.5% discount to the Aster DM stocks last close and no discount at the upper range...
Reuters had reported in May that investors in Aster DM are in talks to sell a 30% stake in the companys India business for about $300 million, with Olympus Capital pegged to be one of the shareholders considering a stake sale...
Last week, Aster DM said it plans to spend about $108 million to expand domestically, as it also nears completion of selling its Gulf business...
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