Aster DM's board nods potential restructuring plans; stock slips ~2.5%

13 Jun 2022 , 10:21 AM

Aster DM Healthcare Limited has informed that in furtherance of the notification made by the company on March 28, 2022, the Board of Directors of the company, at its meeting held on June 10, 2022, considered the updates since the last meeting.

Based on such discussions, the Board has given their approval for the appointment of the bankers to explore potential restructuring options which present an opportunity to unlock value for the company and its stakeholders and provide further updates to the Board in relation to further steps to be taken in this regard.

The company will make appropriate announcements and disclosures in this regard as and when needed.

Aster DM’s counter slipped 2.46% so far in today’s trade at Rs188.40, against its previous close of Rs193.15 on BSE. It touched intraday high and low of Rs194 and Rs188 respectively.