| Ascent Capital and OrbiMed Advisors will sell their combined 40% stake, while the promoters will dilute an additional 15-20% for a deal worth $300 million. Kerala Institute of Medical Sciences (KIMS), the hospital chain with a presence in India and West Asia, has been approached by 8-10 large buyout funds that want to acquire a majority stake in it.
Ascent Capital Pvt. Ltd and OrbiMed Advisors LLC, private equity (PE) investors in KIMS, will sell their combined 40% stake, while the promoters will dilute an additional 15-20% for a deal worth $300 million (Rs.2,050 crore), according to two people close to the development...............................................Full Article: Source
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