The healthcare conglomerate has signed an agreement to acquire the remaining 13% stake in Aster Aadhar Hospital, which will take its holding to 100%, the company said in a statement on Wednesday.
The transaction will likely be completed in two tranches by 31 December 2025, according to the statement. The acquisition cost "will be determined based on an independent valuation report, in accordance with applicable laws", it said.
The move comes as Aster DM seeks board approval to issue additional equity shares via preferential allotment, allowing specific investors to purchase up to 5% of the company's total equity post-issuance, according to its regulatory filing on Tuesday.
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