Aster DM Healthcare surges as its arm inks pact to acquire 100% stake in Wahat Al Aman Home Healthcare LLC

01 Jan 2020 Evaluate

Aster DM Healthcare is currently trading at Rs. 167.95, up by 7.35 points or 4.58% from its previous closing of Rs. 160.60 on the BSE.

The scrip opened at Rs. 162.00 and has touched a high and low of Rs. 170.70 and Rs. 162.00 respectively. So far 27164 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.70 on 1-Jan-2020 and a 52 week low of Rs. 109.70 on 07-Aug-2019.

Last one week high and low of the scrip stood at Rs. 170.70 and Rs. 153.00 respectively. The current market cap of the company is Rs. 8513.08 crore.

The promoters holding in the company stood at 37.80%, while Institutions and Non-Institutions held 17.63% and 44.57% respectively.

Aster DM Healthcare through its subsidiary--Aster DM Healthcare FZC has entered into a Share Purchase Agreement to acquire 100% stake in Wahat Al Aman Home Healthcare LLC, Abu Dhabi on December 30, 2019 which will be EPS accretive.

The acquisition of the target entity shall result in enhancing Aster DM Healthcare’s presence in Abu Dhabi market. The target entity’s business falls under the main line of business (Healthcare services) of Aster DM Healthcare.

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.

Aster DM Healthcare Share Price

407.30 2.45 (0.61%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Aster DM Healthcare 407.30
Apollo Hospital Ent. 6347.35
Max Healthcare Inst 820.40
Narayana Hrudayalay 1293.60
Global Health 1323.70
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