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Shares of Aster DM Healthcare gained 5 per cent to hit a 52-week high of Rs 173 on the BSE on Tuesday after the company announced a share buyback plan.
“The board of healthcare services provider will be considering a proposal to buyback its equity shares at a board meeting scheduled to be held on Thursday, January 9, 2020,” Aster DM Healthcare said in a regulatory filing.
Aster DM Healthcare debuted at stock market on February 26, 2018. The company had raised Rs 980 crore through initial public offer at an issue price of Rs 190 per share.
“The board of healthcare services provider will be considering a proposal to buyback its equity shares at a board meeting scheduled to be held on Thursday, January 9, 2020,” Aster DM Healthcare said in a regulatory filing.
Aster DM Healthcare debuted at stock market on February 26, 2018. The company had raised Rs 980 crore through initial public offer at an issue price of Rs 190 per share.
