In a significant development within India’s healthcare sector, the National Company Law Tribunal (NCLT) Hyderabad Bench has formally authorized Aster DM Healthcare Limited to convene crucial shareholder and creditor meetings regarding its proposed merger with Quality Care India Ltd. This judicial green light represents a pivotal milestone in one of the largest healthcare consolidation initiatives recently announced in the country.
The tribunal has scheduled the decisive meetings to occur between February 27 and March 13, 2026, where stakeholders will vote on the merger proposition. The transaction has already secured essential clearances from the Competition Commission of India (CCI) and received no-objection certifications from relevant stock exchanges. Pending successful shareholder approval and fulfillment of remaining conditions, the organizations anticipate finalizing the merger by the first quarter of fiscal year 2027.
The combined entity, to be named Aster DM Quality Care Ltd, will emerge as one of India’s top three hospital chains with an impressive network exceeding 10,360 beds nationwide. This new healthcare powerhouse will be jointly promoted by Aster’s founding promoters and global investment firm Blackstone, unifying four renowned healthcare brands: Aster DM, CARE Hospitals, KIMSHEALTH, and Evercare.
Dr. Azad Moopen, Founder and Chairman of Aster DM Healthcare, expressed confidence in obtaining stakeholder approvals, emphasizing the strategic rationale behind the consolidation. “We remain committed to working toward a speedy completion of the merger,” stated Dr. Moopen. “Our focus will be on executing a disciplined integration strategy that leverages the complementary networks, clinical expertise, and operational strengths of both organizations.”
The merger is positioned to create a more resilient healthcare delivery system capable of scaling efficiently while enhancing clinical excellence and accelerating innovation. Looking beyond the immediate consolidation, the combined entity has ambitious expansion plans aiming to increase bed capacity to approximately 14,715 beds in the coming years, significantly boosting access to quality medical care across India.