Announced Tue, 23 Jun · 19:33 IST
Subsidiary Sarjapur allots CCPS to investors, more capital raise planned
Fund Raising View source PDF
ASTERDM · price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹769.65
prior close
₹769.70
base price
After-mkt
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+1.4+1.1+0.4+0.2-0.1-0.9+1.9+0.8+2.7+2.5+5.3+2.5——
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AI summary
Aster DM's subsidiary, Aster DM Super-Specialty Hospital Sarjapur, allotted 12 lakh fully paid-up Series A CCPS and 34.3 lakh partly paid-up Series B CCPS at Rs 50 face value to certain identified investors on a preferential basis via private placement. Each CCPS can convert into up to 5 equity shares. The subsidiary is also finalising more investors for additional CCPS issuance. Aster DM will retain over 75 percent shareholding on an as-if converted basis.
Likely market impact
Growth capital raised at subsidiary level. Parent Aster DM keeps majority control above 75 percent, limiting any major dilution risk at the listed entity for now.