Aster DM Healthcare has entered into a share purchase agreement with Hindustan Drug House, a partnership firm registered under the Partnership Act, 1932, which is in process of converting into a private limited company. The Company shall invest in 86% of the paid-up equity share capital of the converted private limited company.
The objective of acquisition to expand business into the growing pharmaceutical distribution segment by establishing supply chain and distribution network to sell into channels such as retail pharmacies online pharmacies, hospitals and clinics.
Aster DM Healthcare operates as a healthcare company in the Middle East, India, and the Far East. It operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems.
