Aster DM - proposal for issuance of equity shares
- Team InGovern
- Dec 11, 2024
- 1 min read
The Board is seeking shareholders' approval for issuance of equity shares of the Company on preferential basis for consideration other than cash.
The Company shall issue and allot 1,86,07,969 fully paid-up equity shares at a price of Rs. 456.33 per equity share to the Proposed Allottees to acquire 1,90,46,028 Sale Shares of Quality Care India Limited (QCIL) for consideration other than cash towards purchase consideration of Rs. 8,49,13,74,494 for the Sale Shares.
➢ Aster DM will purchase 5.0% stake in QCIL from Blackstone and TPG in consideration of primary share issuance by Aster for 3.6% stake.
➢ This is the first step in a scheme of amalgamation between the Company and QCIL.
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