Aster DM Subsidiary Allots CCPS to Investors

Aster DM Healthcare's subsidiary, Aster DM Multispecialty Hospital Private Limited (ADMPL), has allotted 21,40,000 Series A Compulsorily Convertible Preference Shares (CCPS) and 18,40,000 Series B CCPS to identified investors on a preferential basis. The Series A shares are fully paid-up, while Series B shares are partly paid. Each CCPS can convert into a maximum of 5 equity shares of ADMPL. ADMPL is also seeking additional investment. Aster DM Healthcare's shareholding in ADMPL will remain above 75% on a converted basis.