Active Holdings Ltd inks agreement with GD Assist Limited for establishing and operating pharmacies in Bangladesh

Active Holdings Limited, Dubai, UAE, ("Franchisor") one of the subsidiaries of Aster DM Healthcare Limited has executed on August 26, 2022, Area Development Agreement with GD Assist Limited, Bangladesh ("Developer"), whereby the Franchisor has agreed to grant rights to establish and operate pharmacies under the brand name "Aster Pharmacy" at sites located within the defined geographic areas in Bangladesh.

The initial term of the agreement is 10 years starting from August 26, 2022.

Shares of Aster DM Healthcare Limited was last trading in BSE at Rs. 215.50 as compared to the previous close of Rs. 215.20. The total number of shares traded during the day was 12801 in over 506 trades.

The stock hit an intraday high of Rs. 218.45 and intraday low of 213.60. The net turnover during the day was Rs. 2767473.00.

Source : Equity Bulls

Keywords

AsterDMHealthcare INE914M01019 ActiveHoldings GDAssist Pharmacy Bangladesh AsterPharmacy