Aster Completes 5% QCIL Stake Acquisition via Share Swap
Deal News | Apr 30, 2025 | EIN
Aster DM Healthcare has successfully acquired a 5% stake in Quality Care India Ltd (QCIL) from BCP Asia II TopCo IV Pte. Ltd. and Centella Mauritius Holdings Ltd. through a share swap. This arrangement precedes QCIL’s merger into Aster DM Healthcare to form Aster DM Quality Care, which will be co-managed by Aster Promoters and BCP. The transaction involved the acquisition of 1,90,46,028 QCIL equity shares for a total amount of ₹849.13 crore. In exchange, Aster DM Healthcare compensated by issuing 1,86,07,969 equity shares to BCP and Centella. The share swap was carried out after securing all necessary consents and is pending final trading approvals from BSE and NSE.
Sectors
- Healthcare
- Finance
- Private Equity
Geography
- India – QCIL operates in India, and the transaction and merger activities are primarily happening with an impact on the Indian market.
- Mauritius – Centella Mauritius Holdings Ltd. is a participant in the transaction, indicating relevance to Mauritius.
Industry
- Healthcare – Involved due to Aster DM Healthcare and Quality Care India Ltd's operations in healthcare services.
- Finance – Relevant due to share swap and mergers, involving financial institutions like BCP and Centella.
- Private Equity – Involves BCP Asia II and its role in the stakeholder transaction and merger strategy.
Financials
- 849.13 crore – Total value of 1,90,46,028 equity shares of QCIL acquired by Aster DM Healthcare.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aster DM Healthcare | Acquirer | Company | A healthcare service provider acquiring a stake in QCIL. |
| Quality Care India Ltd (QCIL) | Target | Company | The healthcare company in which Aster DM Healthcare is acquiring a stake. |
| BCP Asia II TopCo IV Pte. Ltd. | Seller | Company | A private equity company selling its stake in QCIL. |
| Centella Mauritius Holdings Ltd. | Seller | Company | Company involved in selling its stake in QCIL. |