Aster DM Healthcare is all set to separate its India and Gulf businesses through a deal worth over $1 billion. The company has received approval from its board and its subsidiary Affinity Holdings to separate the India and GCC businesses into two distinct and standalone entities.
The Transaction Documents have been executed pursuant to a sale and purchase agreement (SPA) dated November 28, 2023 entered into between Affinity Holdings and Alpha GCC Holdings (Buyer) in connection with the sale of the Company’s GCC business to Alpha GCC Holdings.
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.
