Olympus

Olympus Capital Asia sells 9% stake in Aster DM Healthcare for Rs 1,530 cr

Hong Kong-based Olympus Capital Asia on Friday divested a 9 per cent stake in Hospital chain Aster DM Healthcare for Rs 1,530 crore through open market transactions. Investment firm Olympus Capital Asia, through its arm Olympus Capital Asia Investments, offloaded shares of Dubai-based Aster DM Healthcare on BSE. According to the bulk deal data available with BSE, Olympus Capital Asia Investments sold 4.50 crore shares or a 9 per cent stake in Aster DM Healthcare in two tranches. The shares were disposed of within the price range of Rs 340-340.13 apiece, taking the transaction value to Rs 1,530.08 crore. After the latest transaction, the shareholding of Olympus Capital Asia in Aster DM Healthcare has declined to 1.1 per cent from 10.1 per cent. Meanwhile, Franklin Templeton Mutual Fund, the Singapore government and Morgan Stanley Asia Singapore picked up a total of 1.24 crore shares of Aster DM Healthcare. The shares were purchased at an average price of Rs 340, taking the combine

To avoid strikes at Olympics, France plans to pay bonuses to civil servants

The French government will offer bonuses to civil servants deployed across the capital during the Olympic and Paralympic Games in a bid to avoid strikes during the events this summer, the country's Minister for Transformation and Public Administration, Stanislas Guerini, said Saturday. Eligible employees will get a bonus ranging from 500 euros ($547) to 1,500 euros ($1,641) in addition to their salaries for working during the Summer Games in Paris and the ensuing Paralympics, Guerini said. He did not provide details on the criteria for the payments. The announcement came after a major French union warned of possible strikes, including at hospitals, during the Paris Olympics, when massive influx of people is expected in the French capital. The social situation in France remains tense, amid recent protests from teachers, police officers and farmers that followed huge demonstrations last year against the rise in retirement age. Last month, employees at the Eiffel Tower shut down one

French PM Elisabeth Borne resigns amid political turmoil over Macron's immigration law

Olympus to pay $646 million for bribing hospitals, doctors

The company was charged in a criminal complaint Tuesday with violating anti-kickback laws and the US Foreign Corrupt Practices Act