India's Aster DM Healthcare falls as PE firm Olympus plans to sell stake

Aster DM Quality Care

27/03/2024 04:33

** Shares of Aster DM Healthcare ATRD.NS  fall as much as 
6.9% to 407 rupees, hitting their lowest level since Jan. 15
    ** PE firm Olympus plans to sell 9.8% stake worth $235 mln
in the hospital chain, according to a term sheet seen by Reuters
    ** Stake sale planned in range of 400-437.20 rupees apiece,
with the lower end representing 8.5% discount to ATRD's Tuesday
close
   ** Nearly 1.8 mln shares of ATRD change hands in six block
deals on Wednesday between 410.1 rupees to 415.15 rupees per
share - LSEG data 
   ** ATRD set for worst day of the year so far if trend holds  
  
   ** Stock sees most active session of 2024, with more than 5.4
mln shares traded as of 9:45 a.m. IST       
   ** Session's losses nearly erase YTD gains, stock up ~0.5% in
2024 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))