Aster Dm News Today

On March 27, the Indian stock market is expected to have a volatile opening as a result of mixed global cues. The...

Aster DM Healthcare last week said its board is considering plans to distribute to shareholders about 70-80% of the $903 million it will get by selling its Gulf business, translating into a dividend to its shareholders in the range of Rs 110/- to Rs 120/- per share, days after a proxy advisory firm Institutional Investor Advisory Services India (IiAS) has asked investors to veto the deal.

When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The board of directors held a meeting on Monday to discuss the progress of the transaction between Affinity Holdings and Alpha GCC Holdings for segregation of the companys GCC business.

​In reaction to the recent disclosure by Aster DM Healthcare and its commitment to allot 70-80% of the revenue generated from the sale of its Gulf Cooperation Council (GCC) business to Alpha GCC Holdings for distribution to shareholders, Institutional Investor Advisory Services India (IiAS), a proxy advisory firm, has revised its voting recommendation from "against" to "for."

Earlier, Dubai-based Aster DM Healthcare had approved the sale of its business in the GCC (Gulf Cooperation Council) region to Alpha GCC Holdings for a consideration of $1.01 billion.

The board of directors held a meeting earlier on Monday to discuss the progress of the transaction between Affinity Holdings and Alpha GCC Holdings for segregation of the companys GCC business.

Stocks to watch: Shares of firms like TCS, Infosys, SpiceJet, Maruti, Aster DM, Polycab, BOI, and others will be in focus on Thursday's trade.

After selling its Gulf business, Aster DM Healthcare is doubling down on India, and is looking to expand in the North

The 30-share BSE Sensex pack surged more than 600 points to hit above 66,750 level, while the broader NSE Nifty index moved around 170 points to trade above 20,000. Such was the rise in the domestic bourses that over Rs 2.2 lakh crore of BSE market capitalisation (m-cap) was generated.