Actis to sell Sterling Hospitals stake back to promoter
Actis will exit a 2006 investment in India’s Sterling Hospitals chain by selling its 82% shareholding back to the founder, Girish Patel. Financial terms of the deal were not disclosed.
The GP paid $15.5 million for a 41% stake in 2006 and increased its holding over time. In October Actis was reported to be in talks with Temasek Holdings-backed HealthCare Global over a potential trade...
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