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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 DM's promoters will acquire the company's 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 India's 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.