Aashka Hospitals to Incorporate Subsidiary for Healthcare

Aashka Hospitals Ltd announced that its Board of Directors has approved the incorporation of a subsidiary, Aashka – Rhythm Hospitals Private Limited. The new entity will focus on hospitals and healthcare activities. Aashka Hospitals Limited will hold a 70% stake in the subsidiary, subscribing to 7,000 equity shares with a face value of ₹10 each, totaling ₹70,000 in cash consideration. The incorporation is proceeding without requiring specific governmental or regulatory approvals.