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Analysts expect hospital chains in the region to benefit from the acute flu season that, apart from coinciding with the June quarter, is known to bring diseases such as dengue and malaria
In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion
The price band for the IPO is Rs 180 to Rs 190 per share
The issue opened for subscription on Monday, 12 February and closes tomorrow, 15 February 2018
Proceeds of the issue will be used towards repayment of debt, purchase of medical equipment