Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business
Veer Sharma

Dr Agarwals Health shares fall 7% after Rs 2,065-crore block deal; Hyperion Investments, Claymore likely sellers

Shares of Dr Agarwals Health Care fell as much as 7.3% to their day’s low of Rs 503 on the BSE on Wednesday after 4.07 crore shares, representing 12.9% of the company's equity, changed hands through block deals. The transactions were executed at Rs 506.5 per share, taking the total deal value to Rs 2,065 crore.

While buyers and sellers of the transaction were unknown, term sheet details showed that Hyperion Investments, a TPG private equity vehicle and Claymore Investments (Mauritius) were looking to sell an 11% stake in the company. The proposed transaction was valued at Rs 1,750 crore, with an upsize option of 2% worth Rs 250 crore.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.