Special Dividend Announcement by Aster DM Healthcare Boosts Stock by 7.13% on BSE

Dividend Stocks: 15 April 2024 📈💰

Company Overview: 🏥📈📊
Ester DM Healthcare has announced a special dividend of ₹118 per share for its shareholders, approved by the board of directors on April 12th. The record date for the dividend is April 23, 2024. The final dividend payout will be considered in the meeting to review the quarterly and annual financial results for January-March 2024.

Dividend Payment Details: 💵💼📆
The payment of the special dividend will be made from the sales revenue of the Gulf Cooperation Council business and through the issuance of preference shares by the company’s wholly-owned subsidiary, Affinity Holdings Private Limited. The company has stated that the dividend payment will be made within 30 days of the announcement.

Stock Performance: 📈💹💼
On Monday (April 15, 2024), the stock was trading at ₹523, up by 7.13%. Ester DM Healthcare operates in two separate entities focused on India and the GCC region. The business in India will be managed by a listed unit, while the entities operating in the GCC region will be acquired by Alpha GCC Holdings Limited through the sale by Affinity Holdings Private Limited.

Market Cap and Growth: 💹📈📈
The company’s stock closed at ₹487.95 on the BSE on April 12, up by 2.6%. Over the past year, the stock has seen a rapid increase of 98%, with a 44% increase in the last six months. The market cap of the company has reached ₹24,373 crore. On April 9, 2024, the stock touched a new 52-week high of ₹500.60.

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