Aster DM Healthcare Limited has informed the Exchange regarding a press release dated March 11, 2026, titled "Outcome of Hon ble NCLT convened shareholders and unsecured creditors meeting held on March 10, 2026".
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Aster DM Healthcare held NCLT-convened meetings of its equity shareholders and unsecured creditors on March 10, 2026, for the proposed merger with Quality Care India Limited (QCIL). An overwhelming 96.68% of shareholders, along with a significant majority of minority shareholders and creditors, voted in favour of the Scheme of Amalgamation and the related share swap. The combined entity, to be called Aster DM Quality Care Ltd, will become one of India's top three hospital chains, operating 39 hospitals with over 10,625 beds across 9 states and 28 cities, supported by 36,307+ employees. The company has already received CCI and stock exchange approvals, and the merger is expected to be completed in the next quarter, subject to remaining NCLT and statutory clearances.
The strong shareholder and creditor approval clears a key regulatory milestone, bringing the merger closer to completion and paving the way for Aster to become one of India's largest integrated hospital networks. This scale-driven combination with Blackstone-backed QCIL could unlock long-term operational synergies and value creation for shareholders.