Acquisitions28 Aug 2026, 06:31 pm
Aster DM Subsidiary Acquires 14.21% Stake in STS Holdings
AI Summary
Aster DM Quality Care Ltd's subsidiary, Chemistry Intermediate Holdings Limited (Mauritius), has acquired a 14.21% stake in STS Holdings Limited, a Bangladesh-based healthcare services company. The acquisition, costing USD 44,114,339, is part of a broader merger framework and has been disclosed in an approved Scheme of Amalgamation. STS Holdings reported a turnover of BDT 10,534.24 Million for the year ended March 31, 2026. This investment is a further investment transaction and does not involve related parties.
Key Highlights
- Subsidiary acquired 14.21% stake in STS Holdings Limited.
- Acquisition cost is USD 44,114,339.
- STS Holdings is a Bangladesh-based healthcare services company.
- Transaction aligns with merger framework and amalgamation scheme.
- Not a related party transaction.
Price Impact
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