Aster DM Healthcare aims to raise funds through fresh issue of shares
DSIJ Intelligence / 16 Aug 2017
With the aim of raising Rs 775 crore through fresh issue of shares, Aster DM Healthcare has re-filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
With the aim of raising Rs 775 crore through fresh issue of shares, Aster DM Healthcare has re-filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). It had earlier filed a DRHP on June 24, 2016.
The company proposes to utilise the net proceeds from the fresh issue for the repayment and/or pre-payment of debt, purchase of medical equipment, and general corporate purposes. The price band and the minimum bid lot will be decided by the company in consultation with the selling shareholders, global coordinators, and book running lead managers, which include Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, ICICI Securities, J M Financial Institutional Securities, YES Securities, and Link In Time India.
Aster DM Healthcare currently operates in all the Gulf Cooperation Council (GCC) states that comprise the United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain as well as Jordan, India and the Philippines.