Aster DM Healthcare Ltd Share Price (ASTERDM)

Aster DM Healthcare Plans Expansion & Approves Special Dividend - 16 Apr, 2024

Aster DM Healthcare plans to double its bed capacity to over 10,000 in the next three years with an investment of Rs 1,000 crore. The company also approved a special dividend of Rs 118 per share following the sale of its GCC business.

Aster DM Healthcare Plans Expansion & Declares Special Dividend - 15 Apr, 2024

Aster DM Healthcare announces expansion plans worth Rs 1,000 crore for adding 1,700 beds. The company also declares a special dividend of Rs 118 per share from the proceeds of the sale of its GCC business.

Aster DM Healthcare Declares Special Dividend, Plans Expansion - 14 Apr, 2024

Aster DM Healthcare announces a special dividend of Rs.118 per share post-sale of its GCC business, retains Rs.1500 crore from sale. The company aims to exceed 6600 beds in India over three years through organic and inorganic routes, with potential expansion into Maharashtra and Uttar Pradesh.

Aster DM Healthcare Announces Special Dividend - 13 Apr, 2024

Aster DM Healthcare has announced a special dividend of Rs 118 per share for shareholders whose names stand on the register of members as on the record date. The board did not declare an interim dividend for FY2023-24, but may consider releasing a final dividend in the future.

Aster DM Healthcare Approves Special Dividend - 12 Apr, 2024

Aster DM Healthcare's board has approved a special dividend of Rs 118 per share, payable to shareholders whose names stand on the register as of April 23. The dividend is attributed to the proceeds from the sale of the GCC business and the redemption of redeemable preference shares issued by Affinity Holdings Pvt Ltd.

Aster DM Healthcare Shares Surge on Dividend Declaration News - 08 Apr, 2024

Aster DM Healthcare's stock surges by 10% as the company announces a board meeting to discuss declaration of both interim and special dividends. The eligibility for receiving these dividends extends to shareholders whose names are listed in the Register of Members of the company or in the records of the depositories as beneficial owners of shares by April 23, 2024.

Aster DM Healthcare Completes Separation of India and GCC Businesses - 04 Apr, 2024

A consortium led by Fajr Capital has acquired a 65% stake in Aster GCC, with the Moopen family retaining a 35% stake alongside management rights. The company plans to expand into Tamil Nadu and Maharashtra and aims to be among the top three players in the next 3-5 years. Operational revenue rose 16% YoY, while net profit surged 31%. Shares rose 12% on news of the completion of the separation.

Aster DM Healthcare Completes Separation of Businesses - 03 Apr, 2024

A consortium led by Fajr Capital has acquired a 65% stake in Aster GCC, while the Moopen family retains a 35% stake. The company received $907.6M from the transaction and plans to expand its presence in India with 1,700 new beds by FY27 through organic and inorganic expansion strategies.

Prabhudas Lilladher Recommends Buying Aster DM Healthcare - 02 Apr, 2024

Prabhudas Lilladher recommends buying Aster DM Healthcare with a target price of Rs. 515, citing increased EBITDA for FY25 and FY26 due to higher operating margins, gross margin expansion, occupancy scale up, and faster ramp-up in its Whitefield new unit. The India business is trading at a discount to listed peers.

Olympus Capital Asia Divests Stake in Aster DM Healthcare - 27 Mar, 2024

Private equity firm Olympus Capital Asia has sold its 9.8% stake in Aster DM Healthcare for Rs 1,978 crore through open market transactions. The sale caused shares to fall by 6%. Capital Group, SBI Mutual Fund, Nippon India MF and ICICI Prudential MF acquired nearly 3.13 crore shares of Aster DM Healthcare.

Olympus Plans to Sell Stake in Aster DM Healthcare - 26 Mar, 2024

Private equity firm, Olympus Capital Asia Investments, is planning to sell up to 9.8% equity in hospital chain, Aster DM Healthcare, for nearly $234.5 million via a block deal.

Aster DM Healthcare Nears Completion of Separation and Investment Deal - 20 Mar, 2024

Aster DM Healthcare announces that the separation of its India and GCC businesses and the proposed investment in its GCC business by Fajr Capital is nearing completion. The company intends to declare a substantial portion of the proceeds as dividends to shareholders upon successful transaction completion.