Sector: Pharmacy
Aster is separating the GCC business
In a market cheering, value unlocking move, Aster DM Healthcare (ADHL) has announced segregation of the India and the GCC business. Post-segregation, ADHLÂ will be a focused listed entity holding the India business. The GCC Business will be separated from ADHL to create Aster GCC (AGCC). 100% of the GCC Business will be acquired by … Read more
Reliance to open dedicated pharmacy stores
As per the newspaper reports, Reliance Retail is planning to aggressively expand into offline pharmacy stores under it’s subsidiary brand Netmeds. Reliance had acquired a majority stake in online pharmacy start-up Nedmeds in August 2020. Along with online, Reliance is currently running offline pharmacies under shop in shop format within it’s retail store network; Reliance … Read more
Aster DM forms JV to expand operations into Saudi Arabia
JV has been formed between – Aster Pharmacies Group LLC (APG) – a company registered in Dubai and a material subsidiary of Aster DM Healthcare Limited (ADHL). and Abdulmohsen Al Hokair Holding Group (AAH) – the group was started in 1975 to invest in the sectors of entertainment and hospitality. Group’s projects include 92 entertainment … Read more