Investment12 Dec 2024, 06:53 pm
Aster DM Healthcare Invests USD 4.9 Million in Affinity Holdings to Fulfill Payment Obligations
AI Summary
Aster DM Healthcare Ltd has invested USD 4.9 million in Affinity Holdings Private Limited to enable Affinity to fulfill certain agreed payment obligations under a Sale and Purchase Agreement. The investment is a portion of the transaction proceeds and will be used to meet payment obligations, including pertaining to leakages and indemnities, as per the SPA terms. The transaction is expected to complete by December 2024.
Key Highlights
- Aster DM Healthcare invests USD 4.9 million in Affinity Holdings
- Investment to enable Affinity to fulfill payment obligations under a Sale and Purchase Agreement
- Payment obligations include leakages and indemnities as per the SPA terms
- Transaction expected to complete by December 2024
- Affinity is a wholly owned subsidiary of Aster DM Healthcare Limited