Aster DM Healthcare inches up as its arm incorporates Joint Venture Company in Riyadh

Aster DM Healthcare is currently trading at Rs. 231.50, up by 0.35 points or 0.15% from its previous closing of Rs. 231.15 on the BSE.

Aster DM Healthcare
Aster DM Healthcare

The scrip opened at Rs. 231.15 and has touched a high and low of Rs. 233.45 and Rs. 231.00 respectively. So far 629 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 275.45 on 04-Nov-2022 and a 52 week low of Rs. 162.65 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 235.15 and Rs. 227.70 respectively. The current market cap of the company is Rs. 11546.24 crore.

The promoters holding in the company stood at 37.88%, while Institutions and Non-Institutions held 51.42% and 10.70% respectively.

Aster Pharmacies Group LLC, a material subsidiary of Aster DM Healthcare, has incorporated Joint Venture, Aster Arabia Trading Company LLC, a limited liability Company in Riyadh, Kingdom of Saudi Arabia on March 09, 2023.

Aster Arabia Trading Company LLC shall establish, manage and operate Pharmacy chain across the Kingdom of Saudi Arabia to market and sell pharmaceutical and non-pharmaceutical products within each Pharmacy under the ‘Aster Pharmacy’ brand. Through this JV agreement, both the partners will work towards bringing Aster Pharmacy’s in-house quality products to serve the healthcare needs of the local population in KSA.

Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.

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