CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: The Board of Directors at Aster DM Healthcare Limited (“Company”), one of the largest integrated healthcare providers in India, has announced a Large Special 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 within 30 (thirty) days from the date of the declaration i.e. April 23, 2024. This event will result in a significant distribution of ~80% of the consideration of USD 907.6 million as dividend to its shareholders. Despite this large special dividend, the company will still retain INR~1500 Cr from the sale of GCC business in the reserves under its balance sheet.
The Company had recently concluded the separation of its India and GCC businesses, pursuant to which Affinity Holdings Limited (a wholly subsidiary of the Company) received a cash consideration of USD 907.6M.
The Moopen family continues to hold the 41.88% stake in the listed entity. Dr. Azad Moopen will remain the Founder Chairman and Ms. Alisha Moopen will remain a Director on the board of the Company. The listed entity will be led by Dr. Nitish Shetty as Chief Executive Officer, who will focus on the growth of the India business, aimed at creating value for its shareholders.
