Deals13 Jan 2024, 12:43 am
Aster DM Healthcare Ltd enters into Business Transfer Agreement for Calicut SEZ Business Unit
AI Summary
Aster DM Healthcare Ltd, a listed entity, has entered into a Business Transfer Agreement with ASSCPL, a wholly owned subsidiary, for the sale/transfer of the Calicut SEZ Business unit for a lump sum indicative consideration of INR 0.54 crores to INR 0.75 crores. The Aster Health Academy unit and Corporate unit will continue to operate under DM Medcity. The transaction is subject to approval from SEZ Development Officer and compliance with Regulation 37A of LODR Regulations.,
Key Highlights
- Slump sale of Calicut SEZ Business unit to ASSCPL
- Indicative consideration of INR 0.54 crores to INR 0.75 crores
- Continuation of Aster Health Academy unit and Corporate unit under DM Medcity
- Subject to approval from SEZ Development Officer and compliance with Regulation 37A of LODR Regulations