India: Metropolis IPO opens 3 April, Carlyle to partially sell stake

Metropolis is controlled by the Shah family, including chairman Sushil Shah and his daughter and managing director of the company Ameera Shah. Photo: Mint

American private equity (PE) firm The Carlyle Group will sell some of its stake in diagnostics chain Metropolis Healthcare Ltd in the latter’s initial public offering (IPO) that opens on 3 April.

The Metropolis IPO is a pure offer for sale of 13.685 million shares, including a sale of up to 6.272 million shares by promoter Sushil Shah, besides another 7.412 million shares by CA Lotus Investments, an entity managed by Carlyle.

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