MUMBAI: Homegrown private equity firm True North’s Fund III has sold its entire stake of 9.15% in India- and Gulf-based hospital chain Aster DM Healthcare Ltd for ₹550 crore. Mint reported on Thursday that True North had sold a 7.4% stake held by the firm’s third fund through block trades. “True North continues to stay invested in Aster DM from its fund IV and fund V. As on 31 March, Fund IV held 2.17% and Fund V held 0.91% of Aster DM. Aster DM Healthcare, which also counts PE firm Olympus Capital as its investor. True North first invested in Aster DM in 2008.

Source: Mint June 30, 2019 17:26 UTC