Aster DM Healthcare shares fall 7% amid block deal
Olympus Capital Asia Investments is reportedly looking to sell a 9.8% stake in Aster DM Healthcare for up to ₹1,953 crore (nearly $235 million).
Olympus Capital Asia Investments is reportedly looking to sell a 9.8% stake in Aster DM Healthcare for up to ₹1,953 crore (nearly $235 million).
The stock has maintained an uptrend for the fifth consecutive session and rose 22.5% during this period, while it gained 17% in a month.
The healthcare firm plans to split India and GCC (Gulf Cooperation Council) businesses into separate entities and divest gulf business for $1 billion.
The healthcare stock has been rising for two sessions after it reported over 50% YoY growth in net profit and 21% rise in revenue in Q4FY23.
This multibagger stock has delivered 104% returns to shareholders in the last one year, driven by strong financial performance.