Aster Healthcare's promoters in talks with private equity groups look to sell India business

Aster DM Healthcare’s founder Azad Moopen is in talks to sell a controlling stake in the India-listed hospital company to private equity firms including Blackstone and KKR. The company operates 32 hospitals in West Asia and India, as well as clinics, pharmacies, laboratories and patient experience centres. The discussions are preliminary and focus on a reverse merger with Care Hospitals, though both funds reportedly want a controlling stake or agreed path to control.

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