Block Deal: Olympus Capital Asia may sell up to 9.8% stake in Aster DM Healthcare [Video]

Private equity firm Olympus Capital Asia Investments (OCAI) is likely to sell up to 9.8% equity in hospital chain Aster DM Healthcare via a block deal, sources told CNBC-TV18.

The offer size is valued at ₹1,952.8 crore, with an offer price range of ₹400-432 per share, the sources added.

As of the end of the December quarter, Olympus Capital Asia Investments held an 18.96% stake in Aster DM Healthcare.

Aster DM Healthcare reported a 28.6% year-on-year (YoY) jump in net profit at ₹179.2 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, Aster DM Healthcare posted a net profit of ₹139.4 crore, the company said in a regulatory filing.

The company’s revenue from operations increased 16.2% to ₹3,710.6 crore against ₹3,192.1 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 25.7% to ₹564 crore in the third quarter of this fiscal over ₹448.6 crore in the …