Aster DM-led arm executes ADA with GD Assist to establish pharmacies in Bangladesh; stock skids ~1.5%

29 Aug 2022 , 09:59 AM

Aster DM Healthcare Limited informed that one of its subsidiaries Active Holdings Limited, Dubai, UAE (Franchisor) executed an Area Development Agreement with GD Assist Limited, Bangladesh on August 26, 2022.

Under the said agreement, Active Holdings have agreed to grant rights to establish and operate pharmacies under the brand name “Aster Pharmacy” at sites located within the defined geographic areas in Bangladesh.

The company further stated that the initial term of the agreement is 10 years starting from August 26, 2022.

At around 10.02 AM, Aster DM Healthcare was trading at Rs212.80 down by Rs2.7 or 1.25% from its previous closing of Rs215.50 on the BSE. The scrip opened at Rs211 and touched intraday high and low of Rs213.25 and Rs209.50 respectively.

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