Dr. Azad Moopen’s family increased its stake in Aster DM Healthcare by 4%, purchasing shares for Rs 460 crore (Dh 207 million). Dr. Moopen stated that the 4 percent stake increase from 37.88 percent reaffirms the family’s commitment to the business in India and the GCC. Aster DM Healthcare, which is listed in India, is currently valued at $1.4 billion. The promoters of Aster DM Healthcare have increased their stake in the India-listed company to 41.88 percent with this latest acquisition. They bought the stock from a large private equity investor in the healthcare provider.
Dr. Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare, commented on the development, saying, “The increase in our stake in Aster DM Healthcare is a reiteration of our confidence in the business across geographies and our commitment to the patients and employees who have placed their trust in us.” We are fully committed to Aster as a family and promise to continue our involvement in the GCC and India businesses, both as owners and managers.” In fiscal year (FY) 202122, Aster DM Healthcare had a revenue of Rs 10,253 crore or AED 5 billion.