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Aster DM subsidiary acquires 14.21% stake in STS Holdings for USD 44.1 million
28-Aug-2026, 06:53
Aster DM Quality Care Limited announced that its subsidiary, Chemistry Intermediate Holdings Limited, has acquired a 14.21% stake, or 22,727,584 equity shares, of STS Holdings Limited, a Bangladesh-based healthcare services and training company, for a cost of USD 44,114,339. The acquisition, priced at the equivalent of BDT 273.45 per share, aligns with a Merger Framework Agreement executed on November 29, 2024, and was disclosed in a Scheme of Amalgamation between Quality Care India Limited and Aster DM Healthcare Limited approved by the National Company Law Tribunal on June 19, 2026.