Brief: Aster To Sell Shares Held By Affinity In Aster Dm Healthcare Fzc To Alpha GCC Holdings

Aster DM Quality Care

28/11/2023 15:18

Nov 28 (Reuters) - Aster DM Healthcare Ltd  ATRD.NS :
    * CONSIDERATION RECEIVABLE FROM TRANSACTION IS $1 BILLION 
    * APPROVED SALE OF SHARES HELD BY AFFINITY IN ASTER DM
HEALTHCARE
FZC ("ASTER FZC") TO ALPHA GCC HOLDINGS LIMITED
    * APPROVED SALE OF SHARES HELD BY AFFINITY IN ASTER DM
HEALTHCARE
FZC TO ALPHA GCC HOLDINGS LIMITED
    * $903 MILLION OF DEAL VALUE IS PAYABLE AT CLOSING
    * SALE IS ANTICIPATED TO COMPLETE IN QUARTER 4 OF FINANCIAL
YEAR
ENDING 2024
    * AND UPTO $98.8 MILLION OF DEAL VALUE MAY BE RECEIVED
SUBSEQUENTLY SUBJECT TO CERTAIN CONTINGENT EVENTS
    * BUYER WILL BE OWNED BY PROMOTER/ PROMOTER GROUP OF ASTER
INDIA
    * FUNDS TO BE MANAGED BY FAJR CAPITAL ADVISORS LIMITED
    * BUYER WILL BE OWNED BY PROMOTER OF ASTER INDIA AND FUNDS
MANAGED
BY FAJR CAPITAL ADVISORS IN RATIO OF 35:65


Further company coverage:  ATRD.NS 

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