India: True North Fund III sells down stake in Aster DM

Private equity firm’s True North Fund III has sold down its entire stake 9.15% stake in healthcare conglomerate Aster DM Healthcare for Rs5.5bn (US$80m). Last week the fund sold a 7.4% stake in the group, which was followed by its remaining 1.75%. A filing to the Bombay Stock Exchange shows that the shares were sold…

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