Aster DM Healthcare, one of the largest integrated healthcare providers in India, has acquired an additional 13 per cent stake in its subsidiary, Dr Ramesh Cardiac and Multispeciality Hospital (DRCMHPL), known as Aster Ramesh Hospitals. This transaction increases Aster DM’s shareholding from 57.49 per cent to 70.49 per cent, consolidating its presence in Andhra Pradesh.
The additional stake hike follows Aster DM Healthcare’s merger with Quality Care India Ltd, backed by Blackstone, to emerge as one of the leading healthcare providers in the country.
The stake hike was carried out 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 per cent stake amounts to ₹63.01 crore, funded entirely through internal accruals. The transaction does not involve any change in the board composition or management structure of Aster Ramesh Hospitals.
Dr Azad Moopen, Founder and 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 recognised 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) operates five hospitals with 739 beds in Andhra Pradesh. Aster Ramesh Hospitals will be adding 75 beds at its Ongole unit, expected to be operational in Q2/Q3 of FY26.