India: Aster DM defers IPO plans over valuation concerns of overseas ops

India: Aster DM defers IPO plans over valuation concerns of overseas ops

Aster DM Healthcare Ltd, which runs hospitals in India, the Philippines, and the Middle East and North Africa (MENA) region, is likely to defer its proposed initial public offering (IPO) because of concerns over valuation of its overseas operations from which the company derives a large part of its revenues, two people aware of the development said on condition of anonymity.

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