Announced Fri, 19 Jun · 17:42 IST
NCLT approves Aster DM Healthcare amalgamation with Quality Care India
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
-5.7%1-day move
₹815.05
prior close
₹823.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.5-1.9-3.4-5.7-5.5-5.7-6.4-3.8-3.1-0.0-1.9——
Up moveDown movePending
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.