Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
...raises red flag on Aster DM's sale of Gulf business
Business Standard
|January 11, 2024
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IIAS) raising concerns over the transaction.
Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues.
In November, Aster DM had announced its plans to sell its whollyowned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
Alpha GCC is 65 per cent owned by Gulf-based private-equity firms led by Fajr Capital and the remaining 35 per cent is held by promoter group Moopen family.
Cette histoire est tirée de l'édition January 11, 2024 de Business Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Business Standard
Business Standard
Gujarat, Odisha power discoms lead this yr’s performance rankings
Gujarat’s power distribution utilities emerged as top performers in the 14th Integrated Rating and Ranking Report released by the power ministry on Friday.
1 min
January 24, 2026
Business Standard
Visa readies India swipe of debit-cum-credit card
After its success in Japan, Visa's latest innovation in plastic money — a single 16-digit card credential that works as both a credit and debit card — is gearing up for entry into India.
2 mins
January 24, 2026
Business Standard
Adani group sheds ₹1.1 trn in mcap as US SEC seeks to serve summons
Group stocks down 3.4% to 14.54%
1 min
January 24, 2026
Business Standard
Gold, silver, platinum extend record-setting rally
Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty.
1 mins
January 24, 2026
Business Standard
Shriram Finance net profit plunges 22%
Shriram Finance Ltd, one of the largest retail non-banking financial companies (NBFCs) in India, posted a 22 percent decline in net profit during the third quarter of 2025-26 (FY26) to ₹2,529.65 crore.
1 mins
January 24, 2026
Business Standard
Trai’s numbering mandate raises debt collection concern
The Telecom Regulatory Authority of India’s (Trai’s) directive requiring banks and non-banking financial companies (NBFC) to shift to the ‘1600’ numbering series for voice calls to curb spam and fraud is raising concern among the lending players.
2 mins
January 24, 2026
Business Standard
Let's talk about the GenZs
There are a few phrases that we of late have come to increasingly hear, and even use.
3 mins
January 24, 2026
Business Standard
India at Davos: From presence to partnership
Davos often makes its presence felt through snowfall that reshapes both the landscape and the mood.
3 mins
January 24, 2026
Business Standard
JSW Steel net surges 198%
One-time tax gain, linked to Bhushan Power & Steel and JFE Steel deal, drives growth
2 mins
January 24, 2026
Business Standard
The end of Nato is coming
No President has created so much doubt about America’s commitment to trans-Atlantic security
5 mins
January 24, 2026
Translate
Change font size