CVC Capital, promoter of Healthcare Global Ltd., has shortlisted four bidders for the final round of a potential stake sale, sources with knowledge of the matter told CNBC-TV18.Sources said that foreign Private Equity Funds like Bain Capital, TPG Capital, home-grown PE firm Multiples and Abu Dhabi-based Burjeel Holdings are the final bidders for CVC's 60.4% stake in Healthcare Global.The bids submitted by the four shortlisted bidders range between ₹5,700 crore to ₹5,900 crore, according to the sources, who also added that the bid process, including due diligence, is likely to be completed in two months.This deal, where CVC Capital will sell its stake will trigger an Open Offer for Healthcare Global.Healthcare Global offered no comment to CNBC-TV18's story.
The four short-listed bidders, Bain, TPG, Multiples and Burjeel also did not offer a comment to the story.Besides CVC Capital's 60% stake, Healthcare Global's founder BS Ajaikumar and family have a 10.88% stake in the company as of March 31, 2024.Shares of Healthcare Global recovered from the day's low and are currently trading 2.2% higher at ₹363.90.
The stock has risen 35% in the last 12 months.
CVC Capital, promoter of Healthcare Global Ltd., has shortlisted four bidders for the final round of a potential stake sale, sources with knowledge of the matter told CNBC-TV18.Sources said that foreign Private Equity Funds like Bain Capital, TPG Capital, home-grown PE firm Multiples and Abu Dhabi-based Burjeel Holdings are the final bidders for CVC's 60.4% stake in Healthcare Global.The bids submitted by the four shortlisted bidders range between ₹5,700 crore to ₹5,900 crore, according to the sources, who also added that the bid process, including due diligence, is likely to be completed in two months.This deal, where CVC Capital will sell its stake will trigger an Open Offer for Healthcare Global.Healthcare Global offered no comment to CNBC-TV18's story. The four short-listed bidders, Bain, TPG, Multiples and Burjeel also did not offer a comment to the story.Besides CVC Capital's 60% stake, Healthcare Global's founder BS Ajaikumar and family have a 10.88% stake in the company as of March 31, 2024.Shares of Healthcare Global recovered from the day's low and are currently trading 2.2% higher at ₹363.90. The stock has risen 35% in the last 12 months.
