Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Aster DM Healthcare Ltd. ( (IN:ASTERDM) ) is now available.
Aster DM Healthcare has increased its stake in subsidiary Prerana Hospital Limited from 87% to 98.92% through a cash acquisition of an additional 11.94% equity for INR 38.36 crore, with the remaining 1.08% slated to be acquired by December 31, 2026, at which point Prerana will become a wholly owned subsidiary. The move, which does not involve any related-party transactions and requires no regulatory approvals, underscores Aster DM Healthcare’s strategy of consolidating full control over its hospital assets, potentially streamlining decision-making, improving operational integration, and enhancing its presence in the healthcare market through the fully owned Prerana Hospital business.
More about Aster DM Healthcare Ltd.
Aster DM Healthcare Ltd is a healthcare services provider operating hospitals and related medical facilities, with a focus on expanding its network and consolidating ownership in its subsidiary institutions to strengthen its position in the Indian healthcare industry.
Average Trading Volume: 41,319
Technical Sentiment Signal: Buy
Current Market Cap: 316.9B INR
For detailed information about ASTERDM stock, go to TipRanks’ Stock Analysis page.