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Aster DM Healthcare’s arm inks pact to acquire additional 25% stake in Usolar Assetco Two

20 Jul 2024 Evaluate

Aster DM Healthcare’s material subsidiary -- Malabar Institute of Medical Sciences (MIMS) has entered into definitive agreements on July 19, 2024 to acquire additional 25% stake in Usolar Assetco Two from U-solar Clean Energy Solutions.

MIMS intends to meet a part of its total electricity requirement at its Facility through renewable sources of electrical energy and has accordingly approached the Power Producer to set up a captive solar power plant; Pursuant to mutual discussions, Usolar Assetco Two has agreed to build, develop, install, commission, operate, manage, and maintain a 10 MWp captive solar power plant at the Project Site at Kerala. The transaction is expected to complete on or before August 30, 2024.

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.


Aster DM Healthcare Share Price

688.30 13.15 (1.95%)
17-Apr-2026 16:59 View Price Chart
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