Aster DM Healthcare acquires additional 5% stake in step down subsidiary - Medcare Hospital

Aster DM Healthcare announced that pursuant to the Share Sale Agreement notarization completed on 29 September 2019, the Company has acquired additional 5% stake in Medcare Hospital LLC, increasing the aggregate beneficial shareholding of the Company to 85% in Medcare Hospital LLC.

Medcare Hospital LLC is a step]down subsidiary of Aster DM Healthcare which was incorporated on 16 August 2006 and it operates hospitals in UAE.

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