Acquisitions30 Jul 2025, 11:29 am
Aster DM Healthcare to Acquire Additional 13% Shares in Subsidiary and Lease Composite Property for New Hospital
AI Summary
Aster DM Healthcare Ltd. has announced the acquisition of an additional 13% shares in its subsidiary, Dr. Ramesh Cardiac & Multispecialty Hospital Pvt Ltd (DRCM), and the execution of a lease agreement for a composite property in Yeshwanthpur, Bengaluru, Karnataka. The acquisition will increase the company's shareholding in DRCM from 57.49% to 70.49%. The leased premises will be utilized for setting up a new super-specialty hospital with an estimated bed capacity of approximately 500 beds.
Key Highlights
- Acquisition of additional 13% shares in DRCM, increasing the company's shareholding to 70.49%
- Execution of a lease agreement for a composite property in Yeshwanthpur, Bengaluru, Karnataka
- The leased premises will be utilized for setting up a new super-specialty hospital with an estimated bed capacity of approximately 500 beds
- DRCM's turnover for the year ending March 31, 2025, was INR 258.00 crores with a profit of INR 12.82 crores