Acquisitions23 Apr 2026, 04:16 pm
Aster DM: Oyster Green Stake Acquisition Revised to ₹5.8 Cr
AI Summary
Aster DM Healthcare Ltd and Malabar Institute of Medical Sciences Limited (MIMS) have revised the total consideration for acquiring a 26% stake in Oyster Green Hybrid Two Private Limited from ₹7.00 Cr to ₹5.80 Cr due to a reduction in the overall project cost. The group has completed the acquisition by investing ₹5.80 Cr in two tranches. Oyster Green Hybrid Two Private Limited is in the business of building, developing, installing, commissioning, operating, and maintaining solar power plants.
Key Highlights
- Aster DM and MIMS acquired 26% stake in Oyster Green Hybrid Two Private Limited.
- Acquisition cost revised from ₹7.00 Cr to ₹5.80 Cr due to project cost reduction.
- The Group invested ₹5.80 Cr in two tranches to complete the acquisition.
- Oyster Green Hybrid Two Private Limited is in the business of solar energy generation.
- The acquisition fulfills a statutory requirement for captive power consumption.
Price Impact
More from ASTERDM