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Incorporated in 1987, Headquater in Dubai, Aster DM Healthcare Ltd is in the healthcare business, the portfolio includes hospitals, clinic, Diagnostic center, and retail pharmacies. The company has approx 308 establishments in 9 countries and growing network across the Middle East, India, and Far East. The company has medical facilities in Kochi, Bengaluru, Calicut, Kotakkal, Hyderabad, Kolhapur and Wayanad. Upcoming project two new medical facility in Kannur and Trivandrum Kerala.
May 24th, 2020:Aster DM Healthcare Ltd (BSE:540975 | NSE:ASTERDM) board has approved a proposal for purchase of up to 57.14 lakh shares at Rs 210 per share, aggregating Rs 120 Cr (Buyback Offer Size) that is 1.31% of total paid equity share capital.
Below is the complete details about Aster DM Healthcare Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 120 Cr |
| Buyback Number of Shares: | 57.14 Lakhs |
| Buyback Price: | Rs 210 |
| Buyback Offer Size (In %): | 1.31% |
| Total Share Capital: | Rs 8,076.06 Cr |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Aster DM Healthcare Ltd buyback offer? No
We advocate honest for DM Healthcare buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be thirty to sixty percent (30% to 60%). We tend to rate DM Healthcare buyback as 3.5/5 (Average).
Making a resonable amount of profit is possible in DM Healthcare buyback for a new retail investor. With referance to current market price buyback price is up by 30% (Approx).
In this section we have covered all important dates related to Aster DM Healthcare Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 9th Jan 2020 |
| Buyback Approval date | 9th Jan 2020 |
| Public Announcement of Buyback | 9th Jan 2020 |
| Record Date | 24th Jan 2020 |
| Buyback opens on/Buyback Opening Date | 20th Feb 2020 |
| Buyback closes on/Buyback Closing Date | 5th Mar 2020 |
| Cut-off date to receive completed tender forms by Registrar | 9th Mar 2020 |
| Cut-off date for verification by the Registrar | 16th Mar 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
16th Mar 2020 |
| Last date of settlement of bids on the stock exchange | 17th Mar 2020 |
| Last date to return unaccepted shares by Registrar | 17th Mar 2020 |
| Last date of extinguishment of Equity Shares | 24th Mar 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Aster DM Healthcare Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 37.80% |
| Promoter-Indian | 0.0% |
| Non-Promoter-Institutions | 18.01% |
| Non-Promoter-Non-Institutions | 43.60% |
Aster DM Healthcare Ltd Public Announcement >>Document
Aster DM Healthcare Ltd Draft Letter of Offer >>Document
Aster DM Healthcare Ltd Letter of Offer >>Document
Aster DM Healthcare Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 13 Equity Share out of every 154 fully paid-up Equity Share held on the Record Date. | 8.44% |
| General Category | 1 Equity Share out of every 102 fully paid-up Equity Share held on the Record Date. | 0.98% |
For Aster DM Healthcare Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1995.06%, No. of Equity Shares reserved in Buyback was 48,57,142 where valid bid received for retail category was 9,69,02,953 which is 1995.06% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 433.37%, No. of Equity Shares reserved in Buyback was 8,75,143 where valid bid received for retail category was 37,14,638 which is 433.37%. Final Acceptance Ratio for Retail Investors was 20%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 931.65 (-1.06%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Aster DM Healthcare Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Aster DM Healthcare Ltd? How can I apply in Aster DM Healthcare Ltd Buyback offer?Last Updated on 2020-07-10T23:28:16+00:00
