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.
Aster DM announces separation of India, GCC businesses: According to a filing by the healthcare provider, the Gulf business has been sold for $1.01 billion.
Foreign institutional investors bought shares worth Rs 783.82 crore, while domestic institutional investors purchased Rs 1,324.98 crore worth of stocks on November 28, provisional data from the National Stock Exchange showed.
At their meeting held on March 28, 2022,the Board of Directors of Aster DM Healthcare had constituted a Committee of Independent Directors of the Board to review the corporate structure of the company and explore options for enhancing value
“The board of directors of Affinity approved the sale of shares held by Affinity in Aster DM Healthcare FZC to Alpha GCC Holdings Limited and the execution of definitive agreements in connection with the Transaction,” said Aster in a filing.