Aster DM Healthcare Secures BSE, NSE Nod for Merger With Quality Care India

The merger, which will combine Quality Care India with Aster DM Healthcare, remains subject to statutory approvals along with shareholder and creditor consent.

Aster DM Healthcare Ltd. has received no-objection letters from the National Stock Exchange of India Ltd. and BSE Ltd. for its proposed merger with Quality Care India Ltd., the company said in an exchange filing on Monday.

The merger, which will combine Quality Care India with Aster DM Healthcare, remains subject to statutory approvals along with shareholder and creditor consent.

The board of Aster DM Healthcare had earlier approved the scheme of arrangements on November 29, 2024.

Aster DM had acquired a stake in Quality Care India from BCP Asia II TopCo IV Pte Ltd (BCP) and Centella Mauritius Holdings Limited (Centella) through a share swap. As part of the transaction, Aster DM acquired 1.9 crore shares of Quality Care valued at Rs 849.13 crore and allotted 1.86 crore shares to BCP and Centella.

Post-merger, the joint entity — Aster DM Quality Care — will be controlled by Aster Promoters, BCP, and Centella.

Financial Performance and Market Movement

For the first quarter ended June 30, 2025, Aster DM Healthcare reported a 22% year-on-year rise in net profit to Rs 90 crore, compared to Rs 74 crore in the same period last year. Revenue rose to Rs 1,078 crore from Rs 1,002 crore a year ago.

The business update was shared after market hours. On Monday, Aster DM’s stock settled 4.17% higher at Rs 672.55 apiece on the NSE, against a 0.74% gain in the benchmark Nifty 50. The shares touched an intraday high of Rs 676.55, up 4.79%.

Aster DM’s shares have gained 62.92% over the last 12 months and 30.86% year-to-date. According to Bloomberg data, out of 10 analysts tracking the company, nine have a ‘buy’ rating and one recommends a ‘hold’. The average 12-month consensus price target stands at Rs 690.60, indicating a potential upside of 2.7%.

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