Aster DM Healthcare Shareholders Approve Proposal To Hive Off Gulf Business
The proposed resolutions were passed with the requisite majority by shareholders on Jan. 22.23-01-2024
23-01-2024
Aster DM Healthcare Ltd - 540975 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
This is in continuation to our letter dated December 23, 2023, regarding the Postal Ballot Notice for seeking approval of the Members of the Company by way of Postal Ballot voting (only through e-Voting) for the businesses as set out in the Postal Ballot Notice dated December 22, 2023. In this regard, please note that Mr. M Damodaran, Managing Partner of M Damodaran & Associates LLP, Practicing Company Secretaries, who was appointed as the Scrutinizer has submitted their report on January 23, 2024. The resolutions as set out in the Postal Ballot Notice has been passed by the Members with the requisite majority, through postal ballot by e-voting process.23-01-2024
Aster DM Eyes To Be Among India's Top Three Hospitals After Gulf Unit Sale
The company sold its stake in the Gulf Cooperation Council business for a consideration of $1.01 billion after the board approved the separation of its India and Gulf units in November 2023.17-01-2024
Proxy firms support Aster DM Healthcare biz split, value unlocking
Say transaction is in line with compliance and there are no major concerns16-01-2024
Aster DM Healthcare Ltd - 540975 - Update On Disclosures Made By Aster DM Healthcare Limited ('Company') On March 28, 2022, June 11, 2022, November 10, 2022, February 14, 2023, July 05, 2023, July 24, 2023, November 28, 2023, December 23, 2023, December 30, 2023 And January 12, 2024
The board of directors of the Company ("Board") held a meeting on January 15, 2024 to discuss progress of the transaction between Affinity Holdings Private Limited ("Affinity") and Alpha GCC Holdings Limited ("Buyer") for segregation of the Company''s GCC business. The Board was briefed that there has been satisfactory progress on conditions precedent for the transaction and Affinity and the Buyer are aiming to complete the transaction soon. The Board also discussed the proposed utilization of the transaction proceeds receivable at closing of the transaction. Following deliberations regarding future expansion plans, capex requirements, cash reserves, the Board is desirous to consider distribution of 70% to 80% of the upfront consideration of USD 903 million, as dividend to its shareholders. i.e in the range of INR 110/- to INR 120/- per share. The details are provided in attached letter and Annexure-1. Kindly take the above said information on record.15-01-2024
Aster DM Healthcare Ltd - 540975 - Intimation Of Sale/Transfer, Calicut SEZ Business Unit Of DM Medcity Hospitals (India) Private Limited, ('DM Medcity') A Wholly Owned Subsidiary Of The Company To Aster Shared Services Centre Private Limited ('ASSCPL'), A Wholly Owned Subsidiary Of Aster DM Healthcare FZC, A Material Subsidiary Of The Company
This is in furtherance to the announcement made by the Company on December 30, 2023 with respect to slump sale of business/units by DM Medcity to ASSCPL, we hereby inform you that DM Medcity has entered into a Business Transfer Agreement ("BTA") on January 11, 2024 with ASSCPL for sale/transfer of the Calicut SEZ Business unit as a going concern for a lump sum indicative consideration of INR 0.54 crores to 0.75 crores. Aster Health Academy unit and Corporate unit shall continue to operate under DM Medcity. DM Medcity will continue to hold land owned by it. Kindly take the above said information on record as per the requirement of SEBI Listing Regulations.12-01-2024
Aster DM Healthcare Ltd - 540975 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Pursuant to regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 please find enclosed confirmation certificate for the quarter ended December 31, 2023.11-01-2024
Aster DM looking for M&As in West, North India: CEO
The company will fund its inorganic growth drive through internal accruals04-01-2024
Aster DM Healthcare Ltd - 540975 - Intimation Of Sale/Transfer, Business Units Of DM Medcity Hospitals (India) Private Limited, ('DM Medcity') A Wholly Owned Subsidiary Of The Company To Aster Shared Services Centre Private Limited ('ASSCPL'), A Wholly Owned Subsidiary Of Aster DM Healthcare FZC, A Material Subsidiary Of The Company
With reference to the captioned subject, we hereby inform you that DM Medcity has entered into a Business Transfer Agreement ("BTA") on December 29, 2023 with ASSCPL for sale/transfer of the Business of the DM Medcity as a going concern for a lump slum indicative consideration of INR 3.8 crores to INR 5.25 crores.30-12-2023
Aster DM Healthcare Ltd - 540975 - Closure of Trading Window
In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the "Code for Prevention of Insider Trading" adopted by the Company, the Trading Window for dealing in securities of the Company shall be closed for all Designated Persons from January 01, 2024 and would be re-opened after 48 hours from the date of announcement/ declaration of unaudited financial results (standalone and consolidated) of the Company for the quarter ended December 31, 2023.28-12-2023