Aster DM Healthcare Gets Board Nod to Acquire Remaining Stake in Malabar Institute of Medical Sciences

MT Newswires Live01-29

Aster DM Healthcare (NSE:ASTERDM, BOM:540975) has received board approval to acquire 20.25% additional stake in its subsidiary, Malabar Institute of Medical Sciences (MIMS), according to a Thursday filing to the Indian stock exchanges.

The company has plans to increase its shareholding in MIMS from 79.75% to 100% from its existing shareholders at the rate of 202 Indian rupees each.

The transaction is to be completed within three months.

The company's shares were down over 2% in recent trade.

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