Aster DM Healthcare: Proxy advisor against Aster DM Healthcare’s gulf deal

Mumbai: Proxy advisory firm Institutional Investor Advisory Services India (IiAS) has advised institutional investors to vote against Aster DM Healthcare‘s resolutions seeking shareholder approval for the $1 billion deal involving the sale of its business in the GCC (Gulf Cooperation Council) region to Alpha GCC Holdings, an entity partly held by promoters.Aster DM has proposed two resolutions – the sale of its GCC business to Alpha GCC, a related party transaction, and the sale of subsidiary Affinity Holdings to Alpha GCC. The e-voting,…