Aster DM Healthcare separates India and GCC businesses, with Fajr Capital acquiring 65% of Aster GCC.
Aster DM Healthcare has completed the separation of its India and GCC businesses, with Fajr Capital, a sovereign-backed private equity firm, acquiring a 65% stake in Aster GCC. The Moopen family retains a 35% stake in Aster GCC and 41.88% in India operations. The transaction valued Aster GCC at around $1 billion, allowing Aster to focus on expansion plans in the GCC and India under separate entities.
April 03, 2024
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