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
Earlier on January 17, 2021, Metropolis Healthcare had approved the acquisition of Hitech Diagnostic Centre and its arm Centralab Healthcare Services in a combination of cash and equity shares deal. At that time, it was cash consideration of Rs 511 crore and equity consideration of up to 4,95,000 fully paid-up equity shares of Rs 2 each. Now the … Read more
As many as 354 Crisil-rated companies, predominantly pharmaceutical firms and hospitals, with an aggregate bank exposure of Rs 40,000 crore will be eligible for Covid loans from lenders under RBI’s liquidity facility. Though pharmaceutical firms account for 68 per cent of rated bank exposure, hospitals (about 24 per cent of rated exposure) are likely … Read more