Corporate Announcement
Security Code : 540975    Company : ASTERDM    
 
Announcement under Regulation 30 (LODR)-AcquisitionDownload PDF Download XBRL
  Exchange Received Time  01/03/2019 15:39:09         Exchange Disseminated Time   01/03/2019 15:39:14              Time Taken   00:00:05
Prerana Hospital Limited is a subsidiary of Aster DM Healthcare Limited ("Company") in which the Company holds 80.80% Equity Shares and 100% Compulsorily Convertible Preference Shares (CCPS). This subsidiary owns and operates a multi-specialty hospital in Kolhapur under the name of Aster Aadhar Hospital.

Pursuant to the Compulsorily Convertible Preference Shares Agreement the CCPS were converted to equity shares on 28th February 2019 thereby increasing the shareholding of the Company to 84.93%.
 

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