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Aster DM Healthcare Shares: Shares of healthcare-related company Aster DM Healthcare saw a surprise rise on Wednesday. During the trading, the shares of this company increased by 20 percent to Rs. 399.15 was reached. At the same time, the stock closed at Rs 396.15. This represents an increase of 19.09% over the previous day. Let us tell you that this stock also has a 52 week peak.
Reason for rise: Indeed, Aster DM Healthcare will separate its business in India and Gulf countries. Last Tuesday, the company said it has received approval from its board of directors and subsidiary company Affinity Holdings Pvt Ltd to separate its India and GCC (Gulf Cooperation Council) businesses into two separate and single entities. Under the demerger plan, Affinity has entered into a definitive agreement with a consortium of investors led by Fajr Capital, a private equity firm headquartered in the United Arab Emirates (UAE), to invest in Aster’s GCC business.
How much is the share: As per the deal, a consortium led by Fajar Capital will acquire a 65 percent stake in the GCC business, Aster DM Healthcare FZC, the company said. It said the combined market capitalization of India and GCC businesses is $2 billion. The transaction values the GCC business at an enterprise value of $1.7 billion (Rs 13,540 crore).
Let us tell you that Aster DM Healthcare is a leading healthcare service provider in six countries in the GCC (Gulf Cooperation Council). The company plans to increase bed capacity in India by about a third by adding 1,500 beds by FY27.