The family of Dr. Azad Moopen, founder of Aster DM Quality Care, has increased its stake in the recently merged hospital chain to 24.58% after purchasing shares worth ₹350 crore from Centella Mauritius Holdings, an entity backed by the global private equity firm TPG.

The share purchase comes just two months after the merger between Aster DM Healthcare and Quality Care India, which created a combined healthcare platform spanning 39 hospitals. Aster DM Healthcare, founded by Dr. Azad Moopen, is a Dubai-headquartered healthcare group with operations across India and the Gulf region, while Quality Care India operates the Care Hospitals network in India.

The transaction, reported by CNBC-TV18, follows the completion of the merger that consolidated the two hospital operators into a single enlarged entity. Centella Mauritius Holdings, the seller in the deal, is affiliated with TPG, one of the private equity investors that had backed Quality Care India prior to the combination.

The deal illustrates a broader pattern in India's hospital sector, where private equity investors who backed regional hospital chains over the past decade have been gradually reducing their holdings through stake sales and exits as the industry consolidates into larger platforms. Simultaneously, promoter families across Indian hospital groups have periodically raised their ownership in their listed entities. For a newly merged entity like Aster DM Quality Care, the promoter's increased stake alongside a private equity seller's reduced holding marks an early post-merger rebalancing of the shareholder base, a phase investors typically watch as further block sales or lock-in expiries can follow large combinations.

Source: CNBC-TV18