Subsidiary23 Jun 2026, 07:30 pm
Aster DM Healthcare Subsidiary Allots CCPS to Investors
AI Summary
Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, a subsidiary of Aster DM Healthcare Ltd, has allotted 12,00,000 Series A CCPS and 34,30,000 Series B CCPS to identified investors via private placement. The face value of each CCPS is Rs. 50. Series B CCPS have a paid-up amount of Rs. 5. Both series have a conversion ratio of up to 5 equity shares per CCPS. The subsidiary plans further capital raises through additional CCPS issuances. Aster DM Healthcare's shareholding in the subsidiary will remain above 75% on an as-if converted basis.
Key Highlights
- Subsidiary allotted 1.2M Series A and 3.43M Series B CCPS.
- CCPS issued via private placement to identified investors.
- Conversion ratio is up to 5 equity shares per CCPS.
- Subsidiary plans further capital raise via additional CCPS.
- Parent company's shareholding to remain above 75%.
Price Impact
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