Aashka Hospitals to Invest up to 70% in New Subsidiary

Aashka Hospitals Ltd announced that its Board of Directors has approved an investment of up to 70% of the paid-up capital in a proposed subsidiary, Aashka – Rhythm Hospitals Private Limited. This new entity will be incorporated and will operate in the Hospitals and Healthcare activity sector. The investment will be made through cash consideration, with Aashka Hospitals subscribing to 7,000 equity shares of ₹10 each, totaling ₹70,000, securing 70% control and voting rights in the proposed subsidiary. No specific governmental or regulatory approvals are required for the incorporation of this subsidiary.