Aster DM Healthcare’s subsidiary-- Prerana Hospital has signed a definitive agreement on October 03, 2024, to acquire 26% stake in Shri Sai Renew Venture Assets 1 LLP. Shri Sai Renew Venture Assets 1 LLP is engaged in the business of building, developing, installing, commissioning, operating, and maintaining solar power plants in India, and delivering electricity thus generated to various industrial and commercial consumers.
The company 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, Shri Sai Renew Venture Assets 1 LLP has agreed to build, develop, install, commission, operate, manage, and maintain a 1.3 MWp captive solar power plant at the Project Site at Maharashtra.
The company will purchase 100% of the net output electricity generated. As per the Electricity Act, not less than twenty six percent of the ownership is to be held by the captive user. The acquisition is pursuant to statutory requirement. The transaction is expected to complete on or before December 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.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 7699.05 |
| Max Healthcare Inst | 1006.90 |
| Narayana Hrudayalay | 1825.55 |
| Aster DM Healthcare | 688.30 |
| Global Health | 1089.55 |
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