Aster DM Healthcare’s subsidiary -- Dr. Ramesh Cardiac and Multispecialty Hospital (DRCMHPL) has acquired 20.40% stake in Aasraya Healthcare LLP on February 27, 2024. DRCMHPL would be contributing further capital in Aasraya Healthcare LLP and overall DRCMHPL shall be holding 51% stake in LLP. The objective of acquisition is to provide the healthcare Services including through Hospitals, outreach clinics, camps and tele-medicine centres.
The transaction is expected to complete on or before October 31, 2024 as it is the date of completion of construction of the proposed Healthcare facility.
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.
