Aster DM Quality Care Limited, formerly Aster DM Healthcare Limited, has announced the acquisition of 14.21% equity shares in STS Holdings Limited, a Bangladesh-based healthcare company. This strategic move, involving 22,727,584 shares, is part of a larger merger framework and scheme of amalgamation, aiming to bolster the company’s presence in the burgeoning healthcare market of Bangladesh. The transaction is valued at approximately USD 44,114,339.
Strategic Acquisition in Bangladesh
Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited) has successfully acquired a 14.21% stake in STS Holdings Limited, a notable entity in Bangladesh’s healthcare services and training sector. This acquisition involves 22,727,584 equity shares and represents a significant step in expanding the company’s international presence.
Deal Rationale and Framework
The acquisition is a key component of a Merger Framework Agreement executed on November 29, 2024. It is also aligned with a Scheme of Amalgamation between Quality Care India Limited and Aster DM Healthcare Limited, which received approval from the National Company Law Tribunal, Hyderabad Bench, on June 19, 2026. STS Holdings Limited, incorporated in Bangladesh on August 28, 1997, reported a turnover of BDT 10,534.24 Million for the fiscal year ending March 31, 2026.
Transaction Details
The transaction was conducted via cash consideration for an aggregate cost of USD 44,114,339. The price per share equates to the USD equivalent of BDT 273.45 per equity share. This investment does not fall under related party transactions, and the promoters of Aster DM Healthcare Limited do not hold any interest in STS Holdings Limited, with the deal being conducted at arm’s length.
Target Entity Overview
STS Holdings Limited operates within the healthcare industry and has demonstrated consistent growth over the last three fiscal years. Its turnover figures are as follows:
- March 31, 2024: BDT 7,777.02 Million
- March 31, 2025: BDT 8,902.8 Million
- March 31, 2026: BDT 10,534.24 Million
The company is present and operates primarily within Bangladesh.
Source: BSE
