Deals
Dubai's Aster DM Healthcare Plans 2018 IPO as Sentiment Improves
- Company targeting selling 10 percent of shares by October 2018
- Shares will be traded in Mumbai or London: CEO Moopen
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Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Persian Gulf.
The company aims to sell 10 percent of shares by October 2018, with a listing either in Mumbai or London, Chief Executive Officer Alisha Moopen said Sunday in an interview in Dubai. Proceeds will be used to pay debt and expand, including through acquisition. Kotak Mahindra Capital will be lead manager of the issue, she said.