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Aster DM Healthcare soars on acquiring additional 5% stake in Medcare Hospital

Aster DM Healthcare is currently trading at Rs. 119.10, up by 3.30 points or 2.85% from its previous closing of Rs. 115.80 on the BSE.

The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 121.00 and Rs. 112.00 respectively. So far 2811 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 175.00 on 19-Oct-2018 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. 125.40 and Rs. 112.00 respectively. The current market cap of the company is Rs. 5999.57 crore.

The promoters holding in the company stood at 37.80%, while Institutions and Non-Institutions held 15.28% and 46.92% respectively.

Aster DM Healthcare has acquired additional 5% stake in Medcare Hospital LLC, increasing the aggregate beneficial shareholding of the Company to 85% in Medcare Hospital LLC.

Medcare Hospital LLC is a step-down subsidiary of Aster DM Healthcare which was incorporated on August 16, 2006 and it operates hospitals in UAE.

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.

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