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Aster DM Healthcare Ltd. ( (IN:ASTERDM) ) has provided an update.
Aster DM Healthcare has secured strong stakeholder backing for its planned amalgamation with Quality Care India Ltd., winning 96.68% shareholder approval, including a significant majority of minority shareholders, as well as support from unsecured creditors. The deal, which has already cleared competition and stock exchange review and now awaits remaining NCLT approvals, will create Aster DM Quality Care Ltd., expected to rank among India’s top three hospital chains with 39 hospitals and more than 10,625 beds across nine states and 28 cities, materially scaling the group’s nationwide footprint, workforce and patient reach.
More about Aster DM Healthcare Ltd.
Aster DM Healthcare Ltd. is one of India’s largest healthcare service providers, operating across primary, secondary, tertiary and quaternary care. The company runs 20 hospitals with 5,451 beds, along with clinics, branded pharmacies via a licensing arrangement, and a network of labs and patient experience centers across five Indian states.
Average Trading Volume: 70,808
Technical Sentiment Signal: Buy
Current Market Cap: 344.6B INR
For an in-depth examination of ASTERDM stock, go to TipRanks’ Overview page.