UAE-based healthcare major Aster is looking again at listing the company on either London Stock Exchange or Dubai Financial Market, its founder has told Arabian Business.
The discussions come as management are keen to discover the true value of the company for its shareholders, said Dr Azad Moopen, founder chairman and managing director of Aster DM Healthcare.
“About 80 percent of our business comes from the GCC market and 20 percent from India. Paradoxically we are not getting the true value of our (overall) business reflected in the market valuation of our company listed on the Indian stock exchanges,” he told Arabian Business.
“We are trying to convince the investors (of the listed company in India) to realise the true value of the company, but if it is not happening, we will definitely look at (options) to discover the true value of the stock as we go forward,” Moopen said, adding that the options could be a listing in London or Dubai.
He added that of late there has been a surge in the share price of the Aster DH Healthcare on the Indian bourses, though he agreed that it could also because of healthcare companies being favoured by investors because of the Covid pandemic.
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