NCLT approves Aster DM Healthcare amalgamation with Quality Care India

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

ASTERDM · price

Loading chart…

▲ 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

-3.3%Reaction day

₹815.05

prior close

₹823.95

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.8%-4.1% vs market

Hospital peers, median of 22sector+0.8%-4.1% vs sector

On the reaction day the stock moved 4.1 pts less than Nifty Smallcap 250 and 4.1 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

-0.9

10m

-1.5

15m

-1.9

30m

-3.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3+0.8-4.1+0.8-4.1

Next day

-5.7+0.2-5.8+0.4-6.1

-5.5+0.4-5.9+1.4-6.9

-5.7-0.1-5.6+0.6-6.3

-6.4-0.5-5.9+0.5-6.9

-3.8+0.0-3.8+1.7-5.5

-3.1+1.5-4.6+2.0-5.1

15d

-0.0+1.5-1.5+1.4-1.4

-1.9+0.8-2.8+1.0-2.9

-7.9+3.7-11.6+1.1-8.9

-7.9+3.1-11.0+3.1-11.0

UpDownMarket · Nifty Smallcap 250Sector · Hospital peers, median of 22Pending

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

AI summary

NCLT Hyderabad Bench has sanctioned the Scheme of Amalgamation between Quality Care India Limited (QCIL) and Aster DM Healthcare under Sections 230-232 of the Companies Act 2013. Once the scheme becomes effective, after filing the certified NCLT order with the Registrar of Companies and meeting other conditions, QCIL will merge into Aster DM and stand dissolved without winding up. The company will inform the stock exchanges of the effective date in due course.

Likely market impact

Key regulatory milestone cleared for the merger. QCIL set to be absorbed into Aster DM. Effective date and swap ratio details awaited next.