Aster DM Healthcare Limited — JV/Acquisition, 12-12-2024: Acquisition

Aster DM Healthcare has made a strategic investment of USD 4.9 million in its wholly-owned subsidiary, Affinity Holdings Private Limited. This funding enables Affinity to meet its payment obligations under a Sale and Purchase Agreement with Alpha GCC Holdings. Following this transaction, Aster maintains 100% ownership of Affinity, which focuses on investment holdings and reported a turnover of USD 13.04 million for FY 2023-24. The transaction is expected to complete by December 2024, reinforcing Aster's commitment to fulfilling its contractual commitments and enhancing its operational efficiencies.