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| Exchange Received Time 01/03/2019 16:17:34 Exchange Disseminated Time 01/03/2019 16:17:39 Time Taken 00:00:05 | Malabar Institute of Medical Sciences Limited ("MIMS") is a subsidiary of Aster DM Healthcare Limited ("Company") which was incorporated on 17 February 1995 and it operates hospitals Calicut, Kottakal and Kannur in the state of Kerala.
The Company held 70.68% Equity Shares before subscribing to the rights issue of the Subsidiary in September 2018. Pursuant to the subscription of the rights issue of MIMS on 10th September 2019, the shareholding of the Company increased by 1.84%, thereby making the shareholding of the
Company 72.52% in MIMS. Subsequently, the Company also subscribed to the unsubscribed portion of the rights issue on 27th December 2019 which led to a further increase in the holding by 0.70%, thereby making the shareholding of the Company 73.22% in MIMS. The aggregate increase in the shareholding of the Company is 2.54%. |
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