New Delhi, March 12 -- Aster DM Healthcare India Ltd has secured approval from its shareholders and unsecured trade creditors for its amalgamation with Blackstone-backed Quality Care India Ltd more than a year after the deal was announced.
The voting was held on 10 March, and the results were declared on 11 March. The deal was announced in November 2024.
The merger was approved by 96.68% of shareholders and all unsecured creditors, stock exchange notifications from Wednesday showed.
Aster's deputy managing director Alisha Moopen told Mint that the merger is expected to be completed in the first quarter of fiscal 2027.
Aster and Quality will merge via a share-swap ratio of 977 shares of Aster for every 1,000 shares of QCIL.
Aster shar...
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