Canada's OTPP to acquire Everstone's stake in India's Sahyadri Hospitals

Canada's OTPP to acquire Everstone's stake in India's Sahyadri Hospitals

Photo: Pixabay

Canada’s Ontario Teachers’ Pension Plan (OTPP) on Wednesday said it has entered into an agreement to acquire a significant majority stake in Sahyadri Hospitals Group from the Everstone Group, an India- and Southeast Asia-focused private equity and real estate investment firm.

The acquisition marks OTPP’s first control private equity buyout in India, and fourth major investment in the country over the last 12 months, it said in a statement.  

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