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21 Feb 2018, Edition - 953, Wednesday

FLASH NEWS:

  • Actor Kamal Haasan launches new political party “Makkal Needhi Maiyam”
  • Major Political entry Actor kamalhaasan will be announcing his political party a short while from now.
  • Karnataka Congress MLA Byrathi Basavaraj’s aides slap traffic policeman
  • SC sends message to fringe, stay on FIR against Priya Varrier.
  • Former Pakistan cricketer’s son commits suicide over non-selection in U-19 team
  • Cost effective ISRO: India’s Chandrayaan-2 said to be cheaper than Hollywood’s Interstellar
  • State government denied permission to Kamal Haasan to visit A. P. J. Abdul Kalam school
  • Big development in PNB fraud case, CBI arrests PNB’s Rajesh Jindal.
  • Adviser to Delhi CM, VK Jain detained by Delhi Police

Kerala News

Aster DM Heathcare IPO opens

Covai Post Network

Kochi: Kochi-based Aster DM Healthcare’s IPO opened today.

Shares of Rs 10 face value are open for sale in the band of Rs 180 to Rs 190.The aim is to raise Rs 983 crore of which Rs 294 crore had already been raised after seven anchor investors bought 154,75,843 equity shares.

The IPO will close on Wednesday.After completion of allotments, the scrips will be listed on BSE and NSE this month.

There are 51,586,146 equity shares for sale. The IPO is expected to fetch Rs 980.13 crore which will be used for repayment of debt and purchase of medical equipment, among others.Aster DM Healthcare, incorporated in 1987, operates in India and Gulf Cooperation Council (GCC) countries.

With head quarters in Kochi, Aster’s hospitals function in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, Vijayawada, Guntur, Wayanad and Hyderabad. There are clinics in Kozhikode, Eluru and Bengaluru. There are 17,408 employees, including 1,417 full-time doctors.

Dr Azad Moopen and UIPL Union Investments Pvt Ltd are the promoters of the company.The company’s total revenue from operations was Rs 5,931.28 crore last year.

Dr Moopen was a faculty member in Calicut Medical College and left for Dubai in 1987 to start a small clinic.