Asian Institute of Gastroenterology Private Limited (AIG) promoter Nageshwar Reddy, along with existing investor Quadria Capital, plan to sell a controlling stake in the hospital chain. The deal is likely to value AIG Hospitals INR 45 billion – INR 50 billion, people aware of the development said. Goldman Sachs is hired to run the sale process and large PE funds including The Carlyle Group Inc. (NasdaqGS:CG), TPG Capital, L.P., Temasek Holdings (Private) Limited and Baring Private Equity Asia (Baring PE Asia) have been approached, they said. Quadria holds a 30% stake in the chain and the promoters own the rest. While Quadria is looking to exit the investment, the promoters plan to sell a 30-40% stake, taking the total stake on offer at 60-70%. The first round of bids is expected in the next 10 days, said one of the people. Emails sent to Quadria and AIG Hospitals spokespeople and Carlyle seeking comment did not elicit any response till press time December 15, 2021. Spokespeople for TPG, Baring PE Asia and Temasek declined to comment.