Aster DM Quality Care Limited
HDFC Mutual Fund increased its stake in Aster DM Healthcare from 7.75% to 13.85%, acquiring 49,970,801 additional shares. The additional stake is valued at ₹3,919.66 Cr at a price of ₹784.30 per share. This was done in the context of a rights issue.
An integrated private healthcare provider operating across the Gulf Cooperation Council region and India, Aster DM Health delivers primary, secondary, tertiary, and quaternary care services through a network of hospitals and clinics. The company emphasizes clinical excellence and maintains a distinctive multi-spectrum healthcare presence, positioning itself among few global entities with comprehensive coverage across all care levels and patient demographics.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.