BAJAJ BROKING
Olympus Capital Asia starts a block trade in Aster DM Healthcare, selling up to 10.1% equity for ₹1,670 crore at ₹331/share. The transaction is valued at ₹835 crore for the base size and could potentially reach ₹1,670 crore if fully exercised.
Private equity firm Olympus Capital Asia announced on June 20th the initiation of a block trade in Aster DM Healthcare. The block trade involves selling a base size of 5.05% of Aster DM Healthcare’s total equity, with an option to upsize the trade to 10.1%.
The transaction is valued at ₹835 crore for the base size and could potentially reach ₹1,670 crore if the upsize option is fully exercised. The floor price for the shares in this block trade is set at ₹331 per share, reflecting a 7.1% discount from the last closing price.
Explore:Aster Dm Healthcare Ltd. Share Price
In April 2024, Aster DM Healthcare Ltd. approved a special dividend of ₹118 per share. This dividend distribution is attributed to the proceeds from the sale of the GCC business and the redemption of redeemable preference shares issued by its subsidiary Affinity Holdings Pvt Ltd.
Aster DM Healthcare has been actively restructuring its business to unlock value. In November 2023, the company announced plans to sell the equity shares held by Affinity Holdings, in Aster DM Healthcare FZC to Alpha GCC Holdings Ltd.
This strategic move was part of the company’s broader strategy to separate its India and GCC businesses, allowing them to operate as standalone entities and unlocking long-term value.
As part of this business separation, a UAE-based sovereign-owned private equity consortium led by Fajr Capital proposed to acquire a 65% stake in Aster DM Healthcare’s GCC business. This agreement was formalised in a definitive agreement and received approval from Aster DM Healthcare’s shareholders in January 2024.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Share Market Today | Gift Nifty Signals 100-Point Gap Down, Nifty to Consolidate
06 Sep, 2024 | 4 Min. read
KEC International Secures ₹1,423 Cr Transmission Line Order in Saudi Arabia
06 Sep, 2024 | 1 Min. read
Ashoka Buildcon’s Viva Highways Monetises Pune Land for ₹453 Crore
06 Sep, 2024 | 2 Min. read
Peak Partners To Sell 11% Stake in Indigo Paints via Block Deal
06 Sep, 2024 | 2 Min. read
US Initial Jobless Claims Drop to 227,000 in August.
06 Sep, 2024 | 1 Min. read
Commodities Market Today | WTI Crude Steady at $69.18, Gold Rises 0.8% to $2,546
06 Sep, 2024 | 1 Min. read
Gold Rate Today | Gold Rises 0.8% to $2,546, Silver Gains 2% to $29.14
06 Sep, 2024 | 2 Min. read
Vodafone Idea Share Price Falls 11% After Goldman Sachs Report
06 Sep, 2024 | 1 Min. read
Suzlon Energy Share Price Rises After Corporate Office Sale
06 Sep, 2024 | 1 Min. read
Why is the Stock Market Down Today? Key Factors Explained
06 Sep, 2024 | 1 Min. read
Sona BLW Precision Forgings Plans ₹2,400 Crore QIP at ₹675-700 per Share
05 Sep, 2024 | 1 Min. read
Commodities Market Today | Crude Oil Drops, Brent Hits Low; Gold and Silver Rise
05 Sep, 2024 | 1 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading