ASTERDM
ASTERDM Reversal from lower level.
News
Malabar Institute of Medical Sciences, a subsidiary of Aster DM Healthcare
ASTERDM
, has agreed to acquire an additional 25% stake in Usolar Assetco Two from U-solar Clean Energy Solutions for 78.8 million Indian rupees.
With this, the company's shareholding in Usolar will increase to 51.05%, according to a Friday filing to the stock exchanges.
Under the agreement, USOLAR has agreed to build, operate, manage, and maintain a 10 MWp captive solar power plant at the Malabar Institute's site in Kerala, India.
The transaction is expected to close by Aug. 30.
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