Aster DM Healthcare Limited — Important, 31-12-2024: Agreements

Aster DM Healthcare has entered into a loan settlement and amended shareholders' agreement to convert existing inter-company loans to Alfaone Medicals Private Limited into 32.94% equity and 100% optionally convertible redeemable preference shares (OCRPS). The total loan amount being converted is ₹225.94 Cr, comprising ₹59.49 Cr into equity shares and ₹166.46 Cr into OCRPS, increasing Aster's equity shareholding in Alfaone from 15.98% to 48.92%. This strategic move aims to enhance capital structure and profitability without a new capital infusion. Completion of the conversion is scheduled for February 28, 2025. This consolidation strengthens Aster's position and governance in the healthcare sector, thus providing a positive outlook for potential growth.