Aster DM Healthcare Limited has acquired additional 2.36 per cent stake in Malabar Institute of Medical Sciences Ltd (MIMS), a material subsidiary of the company from several minority shareholders as on July 05, 2023.

Consequent to the said acquisition, shareholding of the company in MIMS has increased from 76.01 per cent to 78.37 per cent. MIMS is a material a subsidiary of Aster DM Healthcare Limited and operates hospitals in Kerala.

Considering the current performance of MIMS and revenue and profitability trend, its value accretive for the company to acquire the shares at valuation of Rs. 100 per share from minority shareholders. Further this gives an opportunity to shareholders who are seeking for an exit from the subsidiary company.