Aster DM Quality Care Acquisition Worth ₹102.5 Cr
Aster DM will acquire Sri Sainatha Hospitals by converting a Rs 102.46 Crore loan into equity. The related-party deal completes within three months.
- Value
- ₹102.5 Cr
- Execution
- Within 3 months
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Aster DM will acquire Sri Sainatha Hospitals by converting a Rs 102.46 Crore loan into equity. The related-party deal completes within three months.
Aster DM Quality Care approved the amalgamation of its step-down subsidiaries, KIMSHEALTH Executive Leisure and Spiceretreat Hospitality Services. No cash consideration is involved in the scheme.
Aster DM Quality Care Ltd's subsidiary will acquire an additional 14.21% stake in STS Holdings Ltd for Rs. 420.94 Crore in cash.
Aster DM Quality Care's subsidiary acquired a 14.21% stake in STS Holdings Limited for USD 44.11 million (approx. ₹419.09 Crore) as part of a strategic investment.