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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments