Actis considers revised bid from AMRI for Sterling Hospitals
Actis is negotiating the sale of its Indian portfolio company Sterling Hospitals, AMRI, a hospital chain backed by local conglomerate Emami and real estate developer Shrachi Group. AMRI is said to have bid INR6 billion ($133 million) for an 80% stake, an increase of INR500 million on its previous offer.
According to local media, AMRI's backers may be partnering with private equity funds in order to increase its offer. Deal arranger JM Financial had set a July 29 deadline for initial bids and Actis asked...
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