India's Aster DM Healthcare rises on deal to buy remaining stake in unit

Aster DM Quality Care

27/11/2024 07:20

** Aster DM Healthcare  ATRD.NS  rises 5.1% to 462.30
rupees; set to gain for fourth straight session
    ** Hospital operator enters into agreement to buy remaining
13% stake in subsidiary Prerana Hospital for an amount to be
determined by independent valuation report
    ** Prerana Hospital, which posted 1.21 bln-rupee ($14.3 mln)
turnover in FY24, operates 254-bed multi-speciality hospital in
Maharashtra's Kolhapur
    ** Around 4.8 mln shares traded, 2.8x the 30-day avg
    ** ATRD up ~46% YTD

($1 = 84.4530 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))