Aster DM buys OCRPS in associate Alfaone Medicals for Rs 25 cr
ASTERDM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aster DM Healthcare has acquired 3,57,143 Optionally Convertible Redeemable Preference Shares in its associate company Alfaone Medicals Private Limited for around Rs 25 crore through a rights issue. Price was Rs 700 per share (face value Rs 10, premium Rs 690). Post-acquisition, Aster DM holds 100 percent of OCRPS and remains at 48.91 percent of equity. Alfaone trades drugs and pharma and posted FY26 turnover of about Rs 589.55 lakh. The deal is a related party transaction done at arm's length for general corporate purposes.
Minor capital infusion into an associate; no change in equity control. Cash outflow of Rs 25 cr for preference exposure, limited near-term EPS impact.