Aster DM Healthcare Acquires 5 percent Stake in Quality Care India via Share Swap

Kochi 30-04-2025: Aster DM Healthcare, one of the country’s leading integrated healthcare service providers, has today announced the successful completion of its acquisition of 5% stake in Quality Care India Ltd (QCIL) from BCP Asia II TopCo IV Pte. Ltd (BCP) and Centella Mauritius Holdings Limited (Centella) through a share swap ahead of QCIL’s merger with Aster DM Healthcare, as announced in November 2024.

The transaction was completed by acquiring 1,90,46,028 equity shares of QCIL by Aster DM Healthcare from BCP and TPG for a value of INR 849.13 crores. As discharge of the total purchase consideration payable, Aster DM Healthcare has allotted 1,86,07,969 equity shares (face value ₹10 each) to BCP and Centella.

The share swap has been undertaken pursuant to receipt of necessary approvals, including shareholder consent, in-principle approval from BSE Limited (BSE) and National Stock Exchange of India Limited (NSE), and CCI approval and is subject to the final listing and trading approval from BSE and NSE for the new equity shares allotted to BCP and Centella by Aster.

Dr. Azad Moopen, Founder Chairman, Aster DM Healthcare said, “Today marks a transformative step in our journey to become India’s most formidable integrated healthcare network. The acquisition of 5% stake in QCIL through a share swap is the first step toward the strategic merger between Aster DM Healthcare and QCIL. This move lays the foundation for a unified, future-ready healthcare network with a strengthened pan-India presence. As we progress toward full integration, our focus remains firm towards creating significant long-term value for all our stakeholders.”

The newly issued shares will have equal rights (pari passu) with existing equity shares of Aster.

The merged entity (subject to approvals) ‘Aster DM Quality Care’ will be jointly controlled by Aster Promoters and BCP and brings together the strengths of two leading healthcare providers with a common vision of expanding access to high-quality medical care across the country. The merger is expected to be completed this year.

National Housing Bank’s 2024 Report on Housing Trends in India

13 MAR 2025

National Housing Bank (NHB), a statutory body under the Government of India has released the Report on Trend and Progress of Housing in India, 2024 pursuant to provisions of Section 42 of National Housing Bank Act, 1987.

The report broadly covers the housing scenario and house price movements, flagship programmes of GoI on housing sector, role of Primary Lending Institutions (PLIs) in providing housing credit, performance of Housing Finance Companies (HFCs) and outlook for the sector.

Key highlights are:

  • Individual housing loans outstanding as on 30-09-2024 stood at ₹33.53 lakh crore, showing growth of 14% over the corresponding period of previous year.
  • As on 30-09-2024, EWS & LIG accounted for 39%, MIG accounted for 44% and HIG accounted for 17% of outstanding individual housing loans.
  • Individual housing loan disbursements during half year ended 30-09-2024 were ₹4.10 lakh crore while disbursements during the year ended 31-03-2024 were ₹9.07 lakh crore.
  • For the quarter ended September 2024, the Housing Price Index (NHB-RESIDEX) recorded y-o-y increase of 6.8% as compared to 4.9% during previous year.
  • Major initiatives of GoI, such as PMAY-G, PMAY-U, impact assessment of PMAY-U, Urban Infrastructure Development Fund (UIDF), Affordable Rental Housing Complexes (ARHC) scheme, etc. have been covered in the report.
  • The report identifies regional disparities in credit flow and vulnerability to climate related risks, as some of the key challenges to be addressed by the sector. It also identifies technological advancements in construction, digitization of land records etc. as some of the factors which will facilitate growth opportunities for the sector.

Outlook for the housing sector remains promising, driven by budget announcements on PMAY 2.0, urbanization, transit-oriented development, digitization and other factors.

Commenting on the report, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said,”The NHB report reinforces what we’ve been seeing in the market—the mid-income group (MIG) is becoming the backbone of the housing sector, making up 44% of outstanding individual housing loans. This segment is growing rapidly, driven by urbanization, increasing incomes, and supportive government policies, reflecting a strong desire for homeownership. Middle-income buyers are looking for well-designed homes in prime locations that offer a balance of quality and convenience. This trend is expected to continue in the coming months, further strengthening the sector. At Signature Global, we remain committed to catering to this evolving demand by delivering thoughtfully planned, high-quality homes that align with modern lifestyles.”

Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said, “India’s housing sector is on a strong growth path, fueled by rising homeownership aspirations, rapid urban expansion, and supportive policies. The National Housing Bank’s report highlights this momentum, with individual housing loans increasing by 14% and home prices continuing their steady rise. Government initiatives like PMAY and infrastructure-driven development are further shaping demand across segments, making homeownership more accessible. As cities grow, homebuyers are prioritizing well-planned, well-connected communities that enhance their lifestyle and long-term investment value. This trend is expected to continue, with evolving buyer preferences driving demand for homes that offer a blend of quality, convenience, and future-ready design.”