The transaction structured as a share swap, is valued at Rs 849 crore, with no cash outflow

Aster DM Healthcare has acquired 5 per cent stake in Quality Care India Ltd (QCIL) from BCP Asia II TopCo IV (BCP) and Centella Mauritius Holdings (Centella) through a share swap ahead of QCIL’s merger with Aster DM Healthcare, as announced in November 2024.

The transaction was completed by acquiring 1,90,46,028 equity shares of QCIL by Aster DM Healthcare from BCP and TPG for a value of Rs 849.13 crore. As discharged of the total purchase consideration payable, Aster DM Healthcare has allotted 1,86,07,969 equity shares (face value ₹10 each) to BCP and Centella.

Dr Azad Moopen, Founder Chairman, Aster DM Healthcare said, “Today marks a transformative step in our journey to become India’s most formidable integrated healthcare network. The acquisition of 5 per cent stake in QCIL through a share swap is the first step toward the strategic merger between Aster DM Healthcare and QCIL. This move lays the foundation for a unified, future-ready healthcare network with a strengthened pan-India presence. As we progress toward full integration, our focus remains firm towards creating significant long-term value for all our stakeholders.”