Aster DM Healthcare Limited has informed exchanges that its subsidiary, Aster DM Multispecialty Hospital Private Limited (ADMPL), allotted 39,80,000 Compulsorily Convertible Preference Shares (CCPS) to identified investors on a preferential basis by way of private placement. The allotment, approved by the ADMPL board on June 16, 2026, consisted of 21,40,000 fully paid-up Series A CCPS and 18,40,000 partly paid-up Series B CCPS.
Each Series A CCPS has a face value of Rs 50, fully paid, while each Series B CCPS has a face value of Rs 50 with Rs 5 paid up per share. Both Series A and Series B CCPS carry a conversion ratio under which each preference share may convert into a maximum of five equity shares of ADMPL, based on the terms approved by ADMPL shareholders.
ADMPL is pursuing additional capital and is in the process of finalising other investors for a potential further issuance of CCPS. Aster DM Healthcare had previously disclosed this proposed allotment to the exchanges on January 30, 2026, under Regulation 30 of the SEBI Listing Regulations.
Aster DM Healthcare has confirmed that its shareholding in ADMPL will remain at or above 75% of the share capital on a fully converted basis. This covers the conversion of the allotted Series A CCPS, Series B CCPS, and any future additional investment, consistent with prior disclosures made to the stock exchanges.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.