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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. ....
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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." ....