Aster DM Healthcare buys 25 percent in Ramesh Hospitals
HYDERABAD: Dubai-based Aster DM Healthcare has bought India Venture Advisors' nearly 25% in Vijayawada-headquartered Ramesh Hospitals for about Rs 110 crore, taking its total holding in the multispecialty chain to about a third. Billionaire Azad Moopen promoted Aster DM, which had raised nearly Rs 1,376 crore ($205 million) from private equity funds for its India growth plan, has also committed to invest about Rs 200 crore in Ramesh Hospitals over 12-18 months to turn it into its majority-owned subsidiary...