Brief: Aster DM Healthcare Approves Sale Of Shares Held By Affinity In Aster Dm Healthcare FZC To Alpha GCC Holdings

Aster DM Quality Care

28/11/2023 13:45

Nov 28 (Reuters) - Aster DM Healthcare Ltd  ATRD.NS :
    * ASTER DM HEALTHCARE LTD - APPROVED SALE OF SHARES HELD BY
AFFINITY IN ASTER DM HEALTHCARE FZC ("ASTER FZC") TO ALPHA GCC
HOLDINGS LIMITED
    * ASTER DM HEALTHCARE LTD - APPROVED SALE OF SHARES HELD BY
AFFINITY IN ASTER DM HEALTHCARE FZC TO ALPHA GCC HOLDINGS
LIMITED
    * ASTER DM HEALTHCARE LTD - CONSIDERATION RECEIVABLE FROM
TRANSACTION IS USD 1.01 BILLION
    * ASTER DM HEALTHCARE LTD - $903 MILLION OF DEAL VALUE IS
PAYABLE
AT CLOSING
    * ASTER DM HEALTHCARE LTD - SALE IS ANTICIPATED TO COMPLETE
IN
QUARTER 4 OF FINANCIAL YEAR ENDING 2024
    * ASTER DM HEALTHCARE LTD - AND UPTO $98.8 MILLION OF DEAL
VALUE
MAY BE RECEIVED SUBSEQUENTLY SUBJECT TO CERTAIN CONTINGENT
EVENTS
    * ASTER DM HEALTHCARE LTD - BUYER WILL BE OWNED BY PROMOTER/
PROMOTER GROUP OF ASTER INDIA
    * ASTER DM HEALTHCARE LTD - FUNDS TO BE MANAGED BY FAJR
CAPITAL
ADVISORS LIMITED
    * ASTER DM HEALTHCARE LTD - BUYER WILL BE OWNED BY PROMOTER
OF
ASTER INDIA AND FUNDS MANAGED BY FAJR CAPITAL ADVISORS IN RATIO
OF 35:65

Source text for Eikon:  ID:nBSE55BQWp 
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