27-11-2024 02:57 PM | Source: Accord Fintech
Aster DM Healthcare zooms on inking agreement to acquire balance stake in Aster Aadhar Hospital

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Aster DM Healthcare is currently trading at Rs. 473.20, up by 33.45 points or 7.61% from its previous closing of Rs. 439.75 on the BSE.

The scrip opened at Rs. 442.85 and has touched a high and low of Rs. 474.00 and Rs. 441.55 respectively. So far 152384 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 558.30 on 15-Apr-2024 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. 474.00 and Rs. 423.25 respectively. The current market cap of the company is Rs. 23574.52 crore.

The promoters holding in the company stood at 41.88%, while Institutions and Non-Institutions held 44.77% and 13.36% respectively.

Aster DM Healthcare has entered into an agreement to acquire the balance stake in Aster Adhaar Hospital (Prerana Hospital) in Kolhapur, Maharashtra. With this acquisition, Aster DM Healthcare will own 100% of the Prerana Hospital, from the 87% stake it previously held. The transaction will be completed in two tranches and the indicative time period for completion of the acquisition is December 31, 2025. The complete acquisition of Prerana Hospital marks a significant milestone for Aster DM Healthcare in its continued growth and diversification strategy.

The 254-bedded Aster Aadhar Hospital, Kolhapur is the city’s most comprehensive multi-speciality hospital. It is the first hospital in the region to acquire the prestigious NABH Accreditation - the gold standard for quality healthcare. With 25+ specialties offered along with a panel of leading doctors and dedicated support staff, the hospital puts compassionate, quality care at the forefront.

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.