Aster DM Healthcare rises as its arm acquires additional 2% stake in Medcare Hospital
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Aster DM Healthcare is currently trading at Rs. 248.85, up by 0.85 points or 0.34% from its previous closing of Rs. 248.00 on the BSE.
The scrip opened at Rs. 250.15 and has touched a high and low of Rs. 253.15 and Rs. 245.30 respectively. So far 28294 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.55 on 08-Sep-2022 and a 52 week low of Rs. 158.00 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 255.70 and Rs. 241.60 respectively. The current market cap of the company is Rs. 12430.38 crore.
The promoters holding in the company stood at 37.88%, while Institutions and Non-Institutions held 21.10% and 41.02% respectively.
Aster DM Healthcare’s step-down subsidiary -- Aster DM Healthcare FZC has acquired additional 2% stake in Medcare Hospital, a material step-down subsidiary of the Company on September 14, 2022. Consequent to the said acquisition, legal shareholding of Aster DM Healthcare FZC in Medcare Hospital shall increase from 73% to 75% and effective (beneficial) shareholding from 85% to 87%. Cost of acquisition is UAE Dirham 23.750 million.
Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.
