Browsing: Majority stake

Shares in Aster DM Healthcare rose by over 12% and reached a 52-week high of Rs 449.70 on the NSE this Tuesday, in response to the company’s declaration of plans to consider distributing dividends to shareholders. This decision follows the sale of a majority stake in its GCC (Gulf Cooperation Council) business.

Abu Dhabi’s Silal is expanding its foothold in the food service and distribution industry through the acquisition of a majority stake in UAE’s SAFCO Group. This strategic move aligns with Silal’s growth ambitions and enhances its presence in the hospitality and catering sector.