Shares of Aster DM Healthcare will be in focus as the multibagger stock will trade ex-dividend for a special dividend of Rs 118 per share on Tuesday (April 23). Aster DM Healthcare stock closed 1.32% lower at Rs 513.90 on BSE on Monday. Market cap of the firm fell to Rs 25,669 crore. The stock hit a record high of Rs 558.30 on April 15 after board of the firm approved special dividend on April 12. Total 7.96 lakh shares changed hands amounting to a turnover of Rs 41.62 crore on BSE.
The lower end of the range suggested a 8.5 per cent discount to Aster DM Healthcare's Tuesday's closing price. Following the report, shares of Aster DM Healthcare fell 7.24 per cen to hit a low of Rs 436.65 on BSE.
Following the stake sale, the board will consider distributing 70–80 percent of the upfront consideration of $903 million as a dividend to its shareholders
“The board of directors of Affinity approved the sale of shares held by Affinity in Aster DM Healthcare FZC to Alpha GCC Holdings Limited and the execution of definitive agreements in connection with the Transaction,” said Aster in a filing.