India's Aster DM rises on report PE firms eyeing co's assets

Aster DM Quality Care

12/10/2023 05:28

** Shares of Aster DM Healthcare  ATRD.NS  up as much as
9.6% at 354 rupees, their biggest intraday pct gain since July 4
    ** Private equity firms BPEA EQT and Ontario Teachers'
Pension Plan Board (OTPP) mull acquiring ATRD's assets,
including India business, Bloomberg News reported on Wednesday,
citing sources 
    ** Aster, BPEA and OTPP did not immediately respond to
Reuters' request for confirmation of news     
    ** Over 2.4 mln shares change hands as of 09:50 a.m. IST,
3.9x the 30-day moving average
    ** Avg rating of seven analysts tracking ATRD at "buy:;
median PT is 330 rupees - LSEG data
    ** Including day's move, stock up ~47% YTD
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))