Aster DM Healthcare Approves Rs 118 Dividend
Apr 15, 2024 12:41
Aster DM Healthcare board approves a special dividend of Rs 118 per share following the sale of its GCC business. The dividend will be paid to shareholders by April 23, 2024.
Photograph: Courtesy Tachs/Wikimedia Commons
New Delhi, Apr 15 (PTI) Aster DM Healthcare board has approved a dividend of Rs 118 per share on account of the receipt of proceeds from the sale of the GCC business.
The special dividend will be paid to the shareholders by April 23, 2024, the company said in a statement.
Despite this large dividend, the company will still retain Rs 1,500 crore from the sale of GCC business, it added.
Aster DM Healthcare recently concluded the separation of its India and GCC businesses, pursuant to which Affinity Holdings Ltd, a wholly subsidiary of the company, received a cash consideration of USD 907.6 million.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.