Business Update15 Jan 2024, 09:40 pm
Aster DM Healthcare Limited to Distribute Dividend of INR 110-120 per Share After Completion of GCC Business Segregation
AI Summary
The board of directors of Aster DM Healthcare Limited has discussed the proposed utilization of the transaction proceeds receivable at closing of the transaction with Affinity Holdings Private Limited. The company plans to distribute 70%-80% of the upfront consideration of USD 903 million as dividend to its shareholders, subject to completion of the transaction and receipt of approvals required under corporate laws for dividend distribution.,
Key Highlights
- Dividend distribution of INR 110-120 per share
- Transaction proceeds of USD 903 million
- Earnout of USD 70 million based on EBITDA achieved by the GCC business