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01-01-1970 12:00 AM | Source: Accord Fintech
Aster DM Healthcare soars as its arm executes area development agreement with GD Assist
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Aster DM Healthcare is currently trading at Rs. 222.60, up by 7.10 points or 3.29% from its previous closing of Rs. 215.50 on the BSE.

The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 228.95 and Rs. 209.50 respectively. So far 52575 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 244.10 on 02-Aug-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. 228.95 and Rs. 204.25 respectively. The current market cap of the company is Rs. 11236.55 crore.

The promoters holding in the company stood at 37.88%, while Institutions and Non-Institutions held 21.10% and 41.02% respectively.

Active Holdings, Dubai, UAE, (Franchisor) one of the subsidiaries of Aster DM Healthcare has executed on August 26, 2022, Area Development Agreement with GD Assist, Bangladesh (Developer), whereby the Franchisor has agreed to grant rights to establish and operate pharmacies under the brand name ‘Aster Pharmacy’ at sites located within the defined geographic areas in Bangladesh. The initial term of the agreement is 10 years starting from August 26, 2022.

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.