Page 2 - Aster Dm News Today

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HDFC Bank, RIL, Tata Motors, Adani Enterprises and ICICI Bank were most active on NSE today, in terms of value. Tata Steel, Coal India and ITC were the other buzzing stocks on the platform.

CNBC-TV18 reported citing sources that Fajr Capital along with Aster DMs promoters will acquire the companys GCC business.

Aster DM Healthcare plans to sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion, aiming to separate its operations in India and the Middle East. The buyer, with a shareholding ratio of 35:65 owned by Aster Indias promoters and funds managed by Fajr Capital Advisors Limited, will acquire the stake.

Out of the total consideration, $903 million is payable at closing of the deal and up to $98.8 million may be received subsequently, subject to certain contingent events, Aster DM Healthcare said in a statement to stock exchanges. The deal also includes an earnout of up to $70 million based on earnings before interest, tax, depreciation and amortisation (Ebitda) achieved by the GCC business for the financial year ending March 2024.

Shares of Aster DM have also soared about 40 percent year-to-date, taking the hospital chain operators valuation to about $1.9 billion

The stock is currently trading above its 50-day and 200-day Simple Moving Averages (SMAs) and todays move has taken the stock in an overbought zone with MFI trading at 73 according to Trendlyne data. Meanwhile, another momentum indicator RSI is in a medium range of 43.

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We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout.

Investegate announcements from Aster DM, Top 10 Finalist Nurses Announced for Nursing Award