The board of Aster DM Healthcare approved the proposal to buyback 52.14 lakh shares of the company at Rs 210 each.
The board of directors of Aster DM Healthcare at its meeting held on Thursday, 9 January 2020, approved a proposal to buyback up to 57,14,285 equity shares, or 1.13% equity, of the company for an aggregate amount not exceeding Rs 120 crore. The buyback price is set at Rs 210 per share. The record date for buyback is 24 January 2020.Aster DM Healthcare jumped 4.68% to Rs 167.70. The stock hit a high of Rs 171.60 and a low of Rs 162.35 so far during the day.
Aster DM Healthcare is one of the largest private healthcare service providers operating in multiple GCC states and is an emerging healthcare player in India.
On a consolidated basis, Aster DM Healthcare's net profit fell 71.7% to Rs 3.12 crore on a 13.6% increase in the net sales to Rs 2086.88 crore in Q2 September 2019 over Q2 September 2018.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app