Aster DM Healthcare announces the sale of GCC business

Aster DM Healthcare has announced a complete sale of its GCC business to Alpha GCC holdings at an enterprise value of Rs 13,540 crore. Aster DM Healthcare is one of the largest hospital chains in GCC (Gulf Cooperation Council) countries and an emerging player in India. Here are some key points of the merger that investors must be aware of: Alpha GCC, the purchasing company, will be controlled by two parties: The Fajr Capital (a private equity company in the Middle East and Southeast Asia) and the promoter group (Moopen Family) in a 65:35 ratio. The company's current chairman and managing director will continue to oversee both India and GCC divisions. Alisha Moopen, the Deputy Managing Director, will be promoted to managing director and group CEO of the GCC business unit. After completing the transaction, the company plans to distribut