Aster DM Healthcare completes 5% QCIL stake acquisition

Aster DM Healthcare (BSE: ASTERDM) has announced the successful completion of its acquisition of a 5% stake in Quality Care India Limited (QCIL) from BCP Asia II TopCo IV Pte. Ltd and Centella Mauritius Holdings Limited. The transaction, structured as a share swap valued at approximately INR 849cr, involved Aster DM Healthcare acquiring 190,46,028 equity shares of QCIL. In return, Aster DM Healthcare has allotted 1,86,07,969 equity shares to BCP and Centella. This acquisition represents the initial phase of the strategic merger between Aster DM Healthcare and QCIL, first announced in November 2024. The merged entity will be jointly controlled by Aster Promoters and BCP. The company received necessary approvals for the transaction, and the merger is expected to be completed this year.