Aster DM allots shares to QCIL shareholders under amalgamation scheme

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF

ASTERDM · price

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AI summary

Aster DM Healthcare has allotted 35.35 crore equity shares to shareholders of Quality Care India Limited (QCIL) under an NCLT-approved amalgamation scheme. Exchange ratio is 977 Aster DM shares for every 1,000 QCIL shares held. Paid-up capital rose from INR 518.12 crore (51.81 crore shares) to INR 871.67 crore (87.17 crore shares). New shares will rank pari passu with existing shares and be listed on BSE and NSE.

Likely market impact

Share dilution for existing Aster DM holders as about 35.35 crore new shares issued. Former QCIL shareholders now part of the expanded capital base.