Aster DM Healthcare acquires additional 13 per cent stake in Aster Ramesh Hospitals
Aster DM Healthcare Ltd., one of the largest integrated healthcare providers in India, has acquired an additional 13% stake in its subsidiary, Dr. Ramesh Cardiac and Multispeciality Hospital Private Limited (DRCMHPL), popularly known as Aster Ramesh Hospitals.
This strategic transaction increases Aster DM’s shareholding from 57.49% to 70.49%, further consolidating its presence in Andhra Pradesh.
The additional stake hike marks a significant milestone in Aster’s aggressive growth journey, coming on the heels of its landmark merger with Quality Care India Ltd backed by Blackstone to emerge as one of the top healthcare providers in the country, combining world-class infrastructure, strategic partnerships, and community-first care.
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The additional stake hike was executed under the terms of the Shareholders Agreement, which provided the promoter group with a Put Option to divest a portion of their equity to Aster DM. The total consideration for the 13% stake amounts to ₹63.01 crore, funded entirely through internal accruals. The transaction does not entail any change in the board composition or management structure of Aster Ramesh Hospitals.
Dr Azad Moopen, Founder & Chairman, Aster DM Healthcare, said, “Our decision to increase our stake in Aster Ramesh Hospitals is a carefully considered strategic step, aligned with our vision to strengthen Aster’s leadership in South India. Andhra Pradesh has always been a region of significant strategic importance for us.
Since we partnered with Dr. Ramesh Cardiac and Multi-speciality Hospitals in 2016, this association has flourished—built on the pillars of clinical excellence, trust, and a shared commitment to patient-centric care. Today, Aster Ramesh Hospitals is recognized as one of the most respected and preferred healthcare institutions in the region, serving patients from within Andhra Pradesh and beyond.
This enhanced investment reflects our strong belief in the region’s potential and reinforces our commitment to expanding high-quality, accessible healthcare in non-metros and across Southern India.”
The Ramesh group (DRCMHPL) currently operates 5 hospitals with 739 beds in Andhra Pradesh. The additional stake increase underscores Aster DM Healthcare’s disciplined approach to capital deployment and its long-term strategy of maximizing value through increased ownership of high-performing assets. As part of ongoing efforts, Aster Ramesh Hospitals will be adding 75 beds at its Ongole unit, expected to be operational in Q2/Q3 of FY26.
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