Aster DM Healthcare surges 6% ahead of board meet on share buyback

INSUBCONTINENT EXCLUSIVE:
day. Following the development, the stock rose 6.11 per cent to hit a high of Rs 170 on BSE. Aster DM Healthcare (Aster) comprises one of
the largest healthcare networks
It includes 25 hospitals with a bed capacity of 4,794, 231 pharmacies and 115 clinics across Gulf Cooperation Council (GCC) countries and
across-the-class income population in the GCC region under Medcare (high income), Aster (mid-income) and Access (lower income) brands
In India, it has a network of 13 hospitals and eight clinics mainly in south India. In a December note, ICICI Securities said that while the
India expansion remains on an investment curve, a firm footing and FCF generation from the GCC set-up is keeping the entire scheme of things