India's Aster DM Healthcare rises on report of stake sale

Aster DM Quality Care

07/07/2023 05:30

** Shares of Aster DM Healthcare  ATRD.NS  rise as much as
5.5% to 328 rupees
    ** Co's backers have initiated stake sale talks with private
equity firms such as Blackstone and KKR, Economic Times reported
on Friday, citing people aware of the matter
    ** Report adds that backers may be open to selling a
controlling stake in ATRD's India business
    ** Over 1 mln shares change hands, 0.9X the 30-day moving
average
    ** Nine analysts rate the stock "buy" or "strong buy", one
"hold"; median PT is 297.5 rupees - Refinitiv data
    ** Stock up 34.5% YTD, as of last close
    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))