Aster DM Healthcare Ltd raises stake in Sri Sainatha Multispeciality Hospitals Pvt Ltd

Sri Sainatha Multispeciality Hospitals Private Limited is a subsidiary of Aster DM Healthcare Limited ("Company") which was incorporated on 24 May 2007 and it operates a hospital in Hyderabad, Telangana

Sri Sainatha Multispeciality Hospitals Private Limited is a subsidiary of Aster DM Healthcare Limited ("Company") which was incorporated on 24 May 2007 and it operates a hospital in Hyderabad, Telangana.

The Company held 58.03% Class B Equity Shares and the promoter, along with other investors held 41.97% Class B equity shares of Sri Sainatha Multispeciality Hospitals Private Limited. Based on the terms of the Shareholders Agreement, the promoters and investors decided to exercise the put option. Pursuant to the exercise of put option by the promoters of Sri Sainatha, the shareholding of the Company increased by 9.49%, thereby making the aggregate shareholding of the Company 67.52% in the Class B equity shares of Sri Sainatha Multispeciality Hospitals Private Limited.

The cost of acquisition of the price at which the shares were acquired is INR�91.78�per�share�aggregating�to�INR�6,11,19697.86.

Shares of Aster DM Healthcare Ltd was last trading in BSE at Rs.120.2 as compared to the previous close of Rs. 121.15. The total number of shares traded during the day was 1530 in over 42 trades.

The stock hit an intraday high of Rs. 122.25 and intraday low of 119.25. The net turnover during the day was Rs. 184848.

Tags : #asterdm #healthcare #multispecialityhospital #srisainathmultispeciality #medicircle

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