BCP granted exemption from open offer; to become promoter of Aster Quality Care at 29.71%

Listed Co AcquisitionNclt Scheme FiledStrategic 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

-0.5%Reaction day

₹793.20

prior close

₹791.15

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.5%-1.0% vs market

Hospital peers, median of 23sector-0.6%+0.1% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.1 pts more 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

+0.1

10m

-0.1

15m

—

30m

—

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.5-1.0-0.6+0.1

Next day

-0.4-0.2-0.2-1.4+0.9

-1.5-2.2+0.8-3.5+2.1

+1.9-0.7+2.5-1.8+3.7

+1.9+0.7+1.2-0.8+2.7

+2.4+1.0+1.4-1.1+3.5

+4.1+0.6+3.5-0.9+4.9

15d

+1.5-1.0+2.4-1.9+3.4

+5.6+2.0+3.6-0.9+6.5

+0.3+2.7-2.4-2.6+2.9

-13.5-0.5-13.0-10.0-3.5

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 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.