Aster DM Healthcare Ltd to set up healthcare project in Cayman Islands

Aster DM Healthcare Limited ("the Company") through its subsidiary company, Aster Caribbean Holdings Ltd has entered into an agreement with the Cayman Islands Government to further a healthcare project in the Cayman Islands to be known as the "Aster Cayman Medcity" for the provision of healthcare services.

The agreement will see Aster initially develop a 150-bed comprehensive, tertiary and quaternary hospital, alongside an assisted living facility and healthcare university in the long-term, as part of a joint commitment to seeing the Cayman Islands develop as THE destination for Destination Healthcare, or medical tourism.

The Government of the Cayman Islands undertakes to use its best endeavours to assist with setting up of "Aster Cayman Medcity" in the Cayman Islands and making Cayman Islands THE Destination for destination Healthcare. Significant benefits include but not limited to exclusivity, tax and duty concessions, recognition of - medical qualifications from suitable countries, etc.

Shares of Aster DM Healthcare Ltd was last trading in BSE at Rs. 165.60 as compared to the previous close of Rs. 160.20. The total number of shares traded during the day was 24666 and the deliverable quantity was 14203.

The stock hit an intraday high of Rs. 166.90 and intraday low of Rs. 150.

Source : Equity Bulls

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