Aster DM Healthcare has entered into share purchase agreement with promoters and their relatives of Sri Sainatha Multispeciality Hospitals (Sri Sainatha) on October 19, 2022 to acquire remaining 22.69% class B equity shares in Sri Sainatha. Consequent to the said acquisition, Sri Sainatha shall become wholly owned subsidiary of the Company.
Sri Sainatha is a subsidiary where the Company is currently holding 77.31% Class B equity shares. None of the promoters/ promoter group/ group companies have interest in this transaction.
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.