Aster DM Healthcare Invests 451 Million in Hospital Subsidiary; Shares Up 3%

MT Newswires Live

06/18

Aster DM Healthcare (NSE:ASTERDM, BOM:540975) has invested about 450.9 million Indian rupees in its subsidiary, Aster DM Super-Specialty Hospital (Sarjapur), through a rights issue.

The company acquired 45.1 million equity shares of the subsidiary at a face value of 10 rupees each, according to a stock exchange filing on Thursday. The proceeds will be used for general corporate purposes of the Sarjapur entity.

Shares of Aster DM Healthcare rose nearly 3% in recent trade.

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