Aster DM Healthcare gains on planning to invest Rs 480 crore to set up multispecialty hospital in Bengaluru
Aster DM Healthcare is currently trading at Rs. 542.10, up by 6.95 points or 1.30% from its previous closing of Rs. 535.15 on the BSE.
The scrip opened at Rs. 535.40 and has touched a high and low of Rs. 547.75 and Rs. 533.25 respectively. So far 67442 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.75 on 08-May-2025 and a 52 week low of Rs. 312.25 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 547.75 and Rs. 497.15 respectively. The current market cap of the company is Rs. 28121.02 crore.
The promoters holding in the company stood at 41.89%, while Institutions and Non-Institutions held 46.24% and 11.86% respectively.
Aster DM Healthcare is planning to invest Rs 480 crore to set up a 430-bed multispecialty hospital in Bengaluru. The company has signed a lease agreement to establish its fourth multispecialty hospital in Bengaluru, a 430-bed facility that will come up at Sarjapur.
The company will be making an investment of around Rs 480 crore in this facility spreading over 4 lakh sq ft. The first phase of the project with 300 beds will be operational by the second half of FY27 and the remaining 130 beds in FY29. The forthcoming 430 bed hospital in Sarjapur is a key addition to growing the company's network and a milestone in its Bengaluru expansion journey.
Aster DM Healthcare operates in multiple segments of the healthcare industry, including hospitals, clinics and retail pharmacies and provide healthcare services to patients across economic segments in several GCC states through its various brands ‘Aster’, ‘Medcare’ and ‘Access’.
