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Aster DM Healthcare’s decision to split its Indian and Middle East (GCC) businesses into two separate entities and bring in an equity investor in the GCC business is to unlock value in both geographies and to reward existing shareholders, says chairman Azad Moopen.
Under the separation plan, a consortium led by Fajr Capital, a sovereign-owned private equity firm headquartered in the U.A.E., will acquire a 65% stake in the ownership of the GCC business under Aster DM Healthcare FZC. The Moopen family will continue to manage and operate the…
