Aster DM Acquires Full Stake in Subsidiary United CIIGMA

Aster DM Quality Care Limited announced its Board of Directors has approved the acquisition of equity shares in United CIIGMA Institute of Medical Sciences, an existing subsidiary. This move is pursuant to the exercise of put option rights by minority shareholders. The company also approved the termination of the operations and management agreement for Aster G. Madegowda Hospital, Maddur, citing sustained operating losses and failure to achieve anticipated scale and profitability. The hospital's contribution to revenue was 0.15% last financial year. Additionally, the Board approved seeking shareholder approval for a Postal Ballot and announced the 18th Annual General Meeting on September 28, 2026.