Sources on Healthcare Global suggest that the sale of CVC Capital’s 60.38% stake is in the final stages. Two interested suitors, private equity firm, Bain Capital and Abu Dhabi-based hospital company Burjeel submit binding bids for CVC’s stake in Healthcare Global.

CVC’s stake sale will trigger an open offer and the deal size is likely to be around ₹5000 crore, if the open offer is fully subscribed. CVC Capital received binding bids after the completion of the due diligence process.

Healthcare Global, CVC Capital offered no comment to CNBC-TV18’s story. Bain Capital declined to comment and Burjeel did not respond to the query.

Besides CVC Capital’s 60.38% stake, Healthcare Global’s founder BS Ajaikumar and family have a 10.88% stake in the company.

Earlier, in October last year, CNBC-TV18 reported that the PE firm CVC Capital had launched a deal to sell a controlling stake in the cancer-care hospital chain.

Bangalore-based Healthcare Global owns 24 cancer centres across the country. In 2020, CVC Partners acquired close to 59% stake in the company for ₹1,100 crore.

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