Aster DM Group Completes Acquisition of 26% Stake in Solar Power Firm Oyster Green Hybrid Two
Aster DM Healthcare Limited and its material subsidiary, Malabar Institute of Medical Sciences Limited, have successfully completed the acquisition of a 26% stake in Oyster Green Hybrid Two Private Limited, a company specializing in solar energy generation. This transaction aims to help the Group meet a part of its total electricity requirement through renewable sources.The Group had initially announced plans to acquire a stake in Oyster Green Hybrid Two Private Limited. Following a revision in the total project cost, the initial acquisition consideration was adjusted from INR 7,00,00,000 to INR 5,80,00,000.
The acquisition was executed through two tranches of investment. The first tranche of INR 3,54,00,000 was invested on October 02, 2025. The remaining balance of INR 2,26,00,000 was invested on April 22, 2026, thereby finalizing the Group's acquisition of 26% of the equity share capital of Oyster.
Strategic Rationale for Acquisition
Oyster Green Hybrid Two Private Limited is engaged in the business of building, developing, installing, commissioning, operating, and maintaining solar power plants across India. Aster and MIMS approached the power producer to set up a captive solar power plant to meet a portion of their facility’s total electricity requirement.As part of this arrangement, Oyster Green Hybrid Two Private Limited agreed to build, develop, install, commission, operate, manage, and maintain an 18 MWp captive solar power plant at the project site in Kerala. Aster and MIMS will purchase 100% of the net output electricity generated from this plant.
Target Entity Details
Oyster Green Hybrid Two Private Limited was incorporated on January 22, 2024, and belongs to the generation of solar energy sector. The company was founded to build, develop, install, and maintain solar power plants in India.Key financial and corporate details regarding the target entity include:
| Detail | Figure / Description |
|---|---|
| Paid up Capital (as on 31-03-2025) | INR 10,00,00,000 |
| Net Worth (as on 31-03-2025) | INR 9,74,25,000 |
| Turnover (FY25) | Nil |
| Profit After Tax (FY25) | (5,43,000) |
The total consideration paid for the 26% shareholding in Oyster Green Hybrid Two Private Limited was INR 5,80,00,000.
ASTERDM Stock Price Movement
Today, Aster DM Healthcare Limited shares edged higher to close at ₹687.6, marking a gain of 0.69% for the trading day. The stock recorded robust interest, settling at the close on a volume of 705,231 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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