Emirati Company Seeks to Acquire Aster's Business in the Gulf

Two knowledgeable sources told Reuters that the Emirati private equity investment firm "Fajr Capital" is in exclusive talks to acquire a majority stake in the Gulf operations of "Aster DM" healthcare group. The sources, who requested to remain unnamed due to the confidentiality of the matter, indicated that "Fajr, based in Dubai, is in the final stages of the deal and may be able to complete it soon." Aster's revenues rose by 16% to reach $1.46 billion for the fiscal year ending March 31, while it recorded a net profit of $51.36 million. The company's shares have increased by 38.4% this year, bringing the share price close to 320 rupees, or $3.90.