Aster DM gets NCLT order to convene meetings for Quality Care merger

Nclt Scheme FiledListed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

ASTERDM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.5%Reaction day

₹575.25

prior close

₹559.25

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.9%-1.6% vs market

Hospital peers, median of 23sector-2.2%-1.3% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Smallcap 250 and 1.3 pts less than its Hospital peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.5

15m

-0.4

30m

-0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5-1.9-1.6-2.2-1.3

Next day

-3.9-1.7-2.1-2.4-1.5

-4.4+0.1-4.5-0.5-3.9

-6.3+0.1-6.4-2.1-4.2

-4.0+0.9-5.0-0.5-3.6

-2.7-0.7-1.9-0.7-2.0

-6.1+3.0-9.1+1.5-7.6

15d

+8.0+2.3+5.7+2.0+6.0

+12.5+2.6+9.8+3.5+9.0

+8.3-8.9+17.2-7.6+16.0

+19.8+6.2+13.5+5.4+14.4

UpDownMarket · Nifty Smallcap 250Sector · Hospital peers, median of 23Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Aster DM Healthcare has received an NCLT order to convene meetings of shareholders and unsecured creditors between February 27 and March 13, 2026 to approve its amalgamation with Quality Care India Limited. CCI and stock exchange approvals already secured. Combined entity Aster DM Quality Care Limited, backed by Aster Promoters and Blackstone, will have over 10,360 beds, aiming for about 14,715 beds, becoming one of India's top three hospital chains. Completion expected by Q1 FY27.

Likely market impact

Brings Aster DM closer to completing a large merger, expanding to over 10,360 beds across four brands as one of India's top three hospital chains.