Aster DM Healthcare is in the spotlight today, May 7, after the company announced the signing of a 30-year lease agreement to establish a new multi-specialty hospital on Sarjapur Road, Bengaluru. This strategic addition will boost Aster’s capacity by 430 beds, with 300 beds expected to be operational by FY27 and the remaining 130 by FY29.
The total estimated investment in the project stands at ₹480 crore, funded through internal accruals and bank loans. The upcoming facility will focus on advanced specialties including comprehensive cancer care and is part of Aster’s broader growth plan in South India. The location, Sarjapur Road, is one of Bengaluru’s rapidly growing IT and residential hubs, giving Aster access to a rising urban patient base.
Meanwhile, shares of Aster DM Healthcare closed at ₹520.65 on May 6, down 0.81% or ₹4.25 from the previous close of ₹524.90. The stock traded in a range of ₹514.25 to ₹532.50 during the session, with a market capitalization of ₹258.78 billion. Its average trading volume stood at 1.54 million shares, and the stock’s P/E ratio is currently at 4.93 with a dividend yield of 0.86%.
As of December 31, 2024, Aster had a total capacity of 5,128 beds with a 67% occupancy rate. The new project is expected to enhance both its service offering and patient reach in one of India’s key healthcare markets.
