Aster DM Healthcare to buy back shares worth Rs 120 crore
The company will buy back up to 1.13 per cent stake at Rs 210 per share.
By ETMarkets.com | Updated:
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NEW DELHI: Shares of Aster DM Healthcare spiked over 7 per cent in Thursday’s trade after the board approved a proposal to buy back shares worth up to Rs 120 crore.
The company will buy back up to 1.13 per cent stake at Rs 210 per share, as per the regulatory filing.
“Members of the promoter and promoter group of the company have indicated their intention to participate in the buyback. The board has determined January 24 as the record date for the purpose of determining the entitlement and names of the shareholders eligible to participate in the buyback,” Aster DM said.
Promoters held 37.80 per cent stake in the company as of December 31. Foreign investors and domestic financial institutions had 51.40 per cent and 4.94 per cent stake in the company.
The scrip closed 2.59 per cent higher at Rs 164.40 on BSE.
The company will buy back up to 1.13 per cent stake at Rs 210 per share, as per the regulatory filing.
“Members of the promoter and promoter group of the company have indicated their intention to participate in the buyback. The board has determined January 24 as the record date for the purpose of determining the entitlement and names of the shareholders eligible to participate in the buyback,” Aster DM said.
Promoters held 37.80 per cent stake in the company as of December 31. Foreign investors and domestic financial institutions had 51.40 per cent and 4.94 per cent stake in the company.
The scrip closed 2.59 per cent higher at Rs 164.40 on BSE.
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