Aster DM merges with Quality Care in $5-billion deal
Mint Mumbai|November 30, 2024
Bengaluru-based Aster DM Healthcare on Friday announced a merger with Blackstone-backed Quality Care India Ltd (QCIL) in a deal that will value the combined entity at $5.08 billion (₹43,000 crore).
Jessica Jani
Aster DM merges with Quality Care in $5-billion deal

The deal effectively creates a Top 3 hospital chain in India. Mint first reported plans for the merger in August 2024.

The two companies have merged via a share-swap ratio of 977 shares of Aster for every 1,000 shares of QCIL. Aster shareholders will hold 57.3% and QCIL shareholders 42.7% in the merged entity, Aster DM Quality Care, which will be a listed company.

"The whole idea has been about building the biggest platform, and how do we become the best healthcare provider in India," Alisha Moopen, managing director of Aster DM Healthcare, said.

هذه القصة مأخوذة من طبعة November 30, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 30, 2024 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من MINT MUMBAI مشاهدة الكل
Meta Fixes Error After Flood of Violent Reels
Mint Mumbai

Meta Fixes Error After Flood of Violent Reels

Meta Platforms said on Thursday it had resolved an error that flooded the personal Reels feeds of Instagram users with violent and graphic videos worldwide.

time-read
1 min  |
February 28, 2025
North Korea Is Now Open for International Tourists
Mint Mumbai

North Korea Is Now Open for International Tourists

After a gap of five years, the country has eased curbs and reopened its borders to promote international tourism

time-read
2 mins  |
February 28, 2025
NCLAT sets aside Coffee Day Enterprises insolvency case
Mint Mumbai

NCLAT sets aside Coffee Day Enterprises insolvency case

The case began in Sept 2023, when IDBI Trusteeship approached NCLT for insolvency proceedings against CDEL

time-read
2 mins  |
February 28, 2025
GST, Customs Act fall under criminal law safeguards: SC
Mint Mumbai

GST, Customs Act fall under criminal law safeguards: SC

The court came out against coercion by enforcement officers during search and seizure ops

time-read
2 mins  |
February 28, 2025
Cl continues the Apple Silicon philosophy
Mint Mumbai

Cl continues the Apple Silicon philosophy

Apple's newest and most affordable iPhone—the 16e, which goes on sale in India on Friday—marks a significant transition that might otherwise go unnoticed.

time-read
2 mins  |
February 28, 2025
Mint Mumbai

StanChart picked as dollar trade settler

Standard Chartered Plc has been picked as the bank for real-time settlement of all dollar-denominated trades in India's global financial centre, likely slated for end-June, according to people familiar with the matter.

time-read
1 min  |
February 28, 2025
No Lodha brother has claim over other's biz, says mother
Mint Mumbai

No Lodha brother has claim over other's biz, says mother

Manju Lodha's letter puts into question Abhinandan's claim that he has unsettled dues

time-read
3 mins  |
February 28, 2025
CCI's new penalty recovery regime replaces 14-yr-old rules
Mint Mumbai

CCI's new penalty recovery regime replaces 14-yr-old rules

Individuals and enterprises breaching competition law face a stricter penalty recovery regime with the Competition Commission of India (CCI) replacing its 14-year-old regulation with a new set of norms.

time-read
1 min  |
February 28, 2025
Mint Mumbai

The evolution of AI technology traces a path that we humans do

It parallels the story of human intelligence as we grow from infancy to adulthood and venture out

time-read
3 mins  |
February 28, 2025
Mint Mumbai

Investors See '2017-Like' Rally Happening on EM Currencies

Emerging currencies rose 11% in 2017 before tumbling in 2018 as Trump turned tariff talk into action

time-read
2 mins  |
February 28, 2025