Announced Mon, 6 Jul · 15:15 IST
BCP granted exemption from open offer; to become promoter of Aster Quality Care at 29.71%
ASTERDM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹793.20
prior close
₹791.15
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1——-0.4-1.5+1.9+1.9+2.4+4.1+1.5———
Up moveDown movePending
AI summary
Aster DM Healthcare is merging with QualityCare India under an NCLT-sanctioned scheme (ordered 19 June 2026). BCP Asia II Topco IV will be classified as promoter of the merged entity Aster Quality Care, allotted 24.49 crore equity shares of INR 10, taking its stake from 2.69% to 29.71%. Swap ratio is 977 Aster shares for every 1,000 QualityCare shares held. BCP is exempt from making an open offer under Regulation 10(1)(d)(i) of SAST Regulations.
Likely market impact
No open offer obligation, so shareholders miss a tender exit. Swap ratio of 977:1000 fixed; NCLT-backed consolidation to proceed on scheme terms.