Aster DM Healthcare last week said its board is considering plans to distribute to shareholders about 70-80% of the $903 million it will get by selling its Gulf business, translating into a dividend to its shareholders in the range of Rs 110/- to Rs 120/- per share, days after a proxy advisory firm Institutional Investor Advisory Services India (IiAS) has asked investors to veto the deal.
Hospital chain Aster DM Healthcare announced the sale of its Gulf business for $1.001 billion, with a consortium led by Fajr Capital acquiring a 65% stake.