CCI Approves Merger Between Aster DM Healthcare and QCIL

17 Apr 2025 CW Team

The Competition Commission of India (CCI) has approved a proposed transaction involving the merger of Quality Care India Limited (QCIL) into Aster DM Healthcare Limited, marking a significant consolidation in India’s healthcare sector. Under the scheme, Aster will first acquire a five per cent stake in QCIL from BCP Asia and Centella in exchange for a primary share issuance. Following the merger, Aster will be renamed Aster DM Quality Care Limited. QCIL’s shareholders — Centella, BCP, and certain minority investors — will retain stakes in the merged entity. However, Centella's stake will remain below ten per cent, and it will not hold any control rights.

About the Entities: – Aster: Operates 19 hospitals, 13 clinics, 215 pharmacies, and 232 labs across six Indian states. – QCIL: Operates 26 multi-specialty hospitals under brands like CARE, KIMS, and Evercare, with over 5,150 beds and a team of 2,500 doctors. – BCP: Linked to funds managed by Blackstone Inc. – Centella: Associated with TPG Group, a global investment firm.

CCI stated that the detailed order will be issued in due course.

Source: PIB Delhi

Image source:rediff.com

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..