Aster DM Healthcare Limited completed the acquisition of 86% stake in Hindustan Drug House for approximately INR 150 million.
Aster DM Healthcare Limited (NSEI:ASTERDM) completed the acquisition of 86% stake in Hindustan Drug House for approximately INR 150 million on September 16, 2021. Under the terms, Aster DM acquired 86,000 shares at a price of INR 1721.58 per share. Hindustan Drug House converted into a private limited company named Hindustan Pharma Distributors Private Limited. In FY 2020-21, Hindustan Drug reported turnover of approximately INR 650 million.