India's Aster DM hits record high on reports of nearing deal with CARE Hospitals

Aster DM Quality Care

29/11/2024 04:32

** Aster DM Healthcare  ATRD.NS  gains as much as 4.4% to
record high of 510 rupees
    ** Co nears deal to buy 57% stake in Blackstone-backed CARE
Hospitals, Bloomberg reports citing sources
    ** Combined Aster DM-CARE entity to have over 10,000 beds -
report
    ** ATRD, CARE did not respond to Reuters' requests for
comment
    ** ATRD rated "buy" on avg, same as rivals Apollo  APLH.NS ,
Max  MAXE.NS , Fortis  FOHE.NS  and Medanta  GLOH.NS  - LSEG
    ** Stock last up 1.8%, extending YTD gains to 57%; leads
gains among hospital chain shares

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))