Aster DM Healthcare receives overwhelmingly positive shareholder and creditors vote for Aster-QCIL merger

Aster DM Healthcare Limited today announced that it has received an overwhelming 96.68% voting approval from shareholders along with a significant majority of minority shareholders and creditors voting in favour of the proposed Scheme of Amalgamation with Quality Care India Limited (QCIL). The approval follows support from the Company's shareholders, in favour of the share swap preceding the merger, reflecting broad-based investor support for the overall transaction. The merger is expected to be completed in the next quarter, post receipt of remaining regulatory and statutory NCLT approvals.

Commenting the strong positive voting, Dr. Azad Moopen, Founder Chairman, Aster DM Healthcare said, "The strong support from our shareholders reflects their confidence in the strategic rationale of this merger and the long-term value it will deliver. By bringing together Aster DM Healthcare and Quality Care India, we are building a scaled, future-ready healthcare platform with the clinical depth, operational strength and governance framework required to serve millions of patients across the country. This partnership combines Aster's legacy of patient-centric care and physician leadership with the institutional strength and growth expertise of Blackstone. Together, we are well positioned to expand access to high-quality healthcare, invest in clinical excellence and innovation, and create one of India's leading integrated healthcare networks."

Upon completion, the combined entity is expected to emerge as one of the top three hospital chains in India, with a diversified presence across 9 states and 28 cities. The merged platform will operate 39 hospitals with 10,625+ beds, supported by over 36,307+ employees and clinicians, serving millions of patients annually across hospitals, clinics, laboratories and allied healthcare services.

Shares of Aster DM Healthcare Limited was last trading in BSE at Rs. 685.00 as compared to the previous close of Rs. 665.15. The total number of shares traded during the day was 31128 in over 884 trades.

The stock hit an intraday high of Rs. 693.85 and intraday low of 663.05. The net turnover during the day was Rs. 21300508.00.

Source : Equity Bulls

Keywords

AsterDMHealthcare INE914M01019 HealthcareServices Shareholder Creditors Approval Merger QualityCareIndia