Aashka Hospitals' board has approved an investment to acquire a 70% stake in a new subsidiary, Aashka – Rhythm Hospitals Private Limited, which is currently being incorporated.

This new entity will operate in the Hospitals and Healthcare sector.

Aashka Hospitals will invest ₹70,000 by subscribing to 7,000 equity shares at ₹10 each, securing 70% control.

This strategic move signifies the company's entry into the healthcare services business, aiming to expand its operational footprint and diversify into a growing market.

It could open new avenues for revenue and growth.