Malabar Institute of Medical Sciences Limited ("MIMS"), a material subsidiary of Aster DM Healthcare Limited ("Company"), has entered into definitive agreements on 19th July, 2024 to acquire additional 25% stake in Usolar Assetco Two Private Limited from U-solar Clean Energy Solutions Private Limited on 19th July, 2024.
USOLAR ASSETCO TWO PRIVATE LIMITED ("USOLAR") is engaged in the business of building, developing, installing, commissioning, operating and maintaining solar power plants in India, and delivering electricity thus generated to various industrial and commercial consumers.
Malabar Institute of Medical Sciences Ltd (MIMS) intends to meet a part of its total electricity requirement at its Facility through renewable sources of electrical energy and has accordingly approached the Power Producer to set up a captive solar power plant; Pursuant to mutual discussions, USOLAR has agreed to build, develop, install, commission, operate, manage, and maintain a 10 MWp captive solar power plant at the Project Site at Kerala.
MIMS will purchase 100% of the net output electricity generated. The MIMS currently holds 26 percent of the shareholding in USOLAR and entered into definitive agreementsto acquire additional 25 percent of shareholding in USOLAR to meet the tender requirement of holding 51.05% percent shareholding in the SPV.
Shares of Aster DM Healthcare Limited was last trading in BSE at Rs. 323.10 as compared to the previous close of Rs. 332.95. The total number of shares traded during the day was 111527 in over 3345 trades.
The stock hit an intraday high of Rs. 331.60 and intraday low of 316.50. The net turnover during the day was Rs. 35880878.00. |
