Aster DM Healthcare's subsidiary acquires additional 2% stake in Medcare Hospital

15 Sep 2022 , 03:14 PM

Aster DM Healthcare FZC, a material step-down subsidiary of Aster DM Healthcare Limited has acquired additional 2% stake in Medcare Hospital LLC, a material step-down subsidiary of the Company on September 14, 2022.

Consequent to the said acquisition, legal shareholding of Aster DM Healthcare FZC in Medcare Hospital LLC shall increase from 73% to 75% and effective (beneficial) shareholding from 85% to 87%.

Medcare Hospital LLC is incorporated on August 16, 2006 having its registered office at Clinic 1 owned by Galleria Investments LLC, Al Safa 1, Dubai, UAE.

At around 3:15 PM, Aster DM Healthcare Ltd is currently trading at Rs250.65 per share up by Rs5.9 or 2.41% from its previous closing of Rs244.75 per share on the BSE.

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