In other news, Domestic private equity firm True North’s Fund III has sold its entire stake of 9.15% in India- and Gulf-based hospital chain Aster DM Healthcare Ltd for ₹550 crore
5 min read1 Jul 2019True North continues to stay invested in the company through its fourth and fifth private equity fundsThe shares were sold at ₹120 each
1 min read30 Jun 2019True North invested in Aster DM in 2008. The company also counts PE firm Olympus Capital as it's investorTrue North, which as of 31 March held a 10.38% stake in the company, has sold over 7% through block trades
1 min read27 Jun 2019Firmenich chairman Patrick says India is a critical market for the Swiss company and it is committed to investing hereTrue North invested about $40 million in VKL Seasoning for growth and expansion in 2013
1 min read30 Apr 2019PE firm also open to minority investments depending on partnerTHE Max-True North deal marked another PE investment in India’s insurance sector
2 min read7 Mar 2019Max India aims to invest proceeds from Max Bupa stake sale to True North in existing and new business opportunitiesMax India is also selling a majority stake in Max Healthcare to Radiant Life Care, which is backed by KKR and Co.
2 min read27 Feb 2019The stake has been sold either directly or through its affiliates, Max India said in a regulatory filingThe proposed transaction is an all-cash deal and it values Max Bupa at an enterprise value of ₹1,001 crore
3 min read26 Feb 2019After the Max India stake sale, the new joint venture will have True North as the majority partner, while British partner Bupa will continue to hold 49% in Max Bupa Health Insurance
4 min read13 Dec 2018Shree Digvijay Cement will be True North's third acquisition in the construction space after RDC Concrete and Robo Silicon
2 min read14 Nov 2018Private equity firm True North has acquired a majority stake in Ban Labs for about 700 crore.
2 min read1 Oct 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared