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.
