StockWatch
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Hospital
Merger25 Jun 2026, 03:38 pm

Aster DM Healthcare: Record Date Set for Quality Care India Amalgamation

AI Summary

Aster DM Healthcare Limited has announced that its Board of Directors, in a meeting held on June 25, 2026, has fixed July 9, 2026, as the record date. This date is crucial for determining the entitlement of equity shareholders of Quality Care India Limited (QCIL), the transferor company, for the allotment of fully paid-up equity shares of Aster DM Healthcare (the transferee company). This action follows the National Company Law Tribunal's (NCLT) Hyderabad Bench approval of the Scheme of Amalgamation between QCIL and Aster DM Healthcare on June 19, 2026. The share exchange ratio is set at 977 equity shares of Aster DM Healthcare for every 1000 equity shares held in QCIL.

Key Highlights

  • Record date for amalgamation set as July 9, 2026.
  • Share exchange ratio: 977 Aster shares for 1000 QCIL shares.
  • NCLT approved the amalgamation scheme on June 19, 2026.
  • Board meeting held on June 25, 2026, finalized the record date.