4 days ago
Aster DM Subsidiary Acquires 14.21% Stake in STS Holdings
Aster DM Quality Care said its subsidiary bought part of another company.
The subsidiary is called Chemistry Intermediate Holdings Ltd.
It bought 14.21% of STS Holdings Ltd.
STS Holdings is incorporated in Bangladesh.
The deal cost USD 44.11 million.
Chemistry Intermediate Holdings is incorporated in Mauritius.
The purchase was connected to a merger agreement made in November 2024.
India’s National Company Law Tribunal approved the acquisition in June 2026.
Chemistry Intermediate Holdings Ltd acquired a 14.21% stake in Bangladesh-incorporated STS Holdings Ltd.
The transaction was valued at USD 44.11 million.
Chemistry Intermediate Holdings Ltd is incorporated in Mauritius.
The acquisition follows a merger framework agreement signed on November 29, 2024.
The National Company Law Tribunal’s Hyderabad bench approved the acquisition on June 19, 2026.
- Who
- Chemistry Intermediate Holdings Ltd, a subsidiary of Aster DM Quality Care Ltd, acquired the stake from STS Holdings Ltd.
- What
- The subsidiary acquired a 14.21% stake in STS Holdings for USD 44.11 million.
- Where
- STS Holdings is incorporated in Bangladesh, while the acquiring subsidiary is incorporated in Mauritius; approval came from the Hyderabad bench of the National Company Law Tribunal.
- When
- The transaction was reported on August 29, 2026; approval was dated June 19, 2026.
- Why
- The acquisition was made in line with a merger framework agreement executed on November 29, 2024.
Key facts
- Acquirer
- Chemistry Intermediate Holdings Ltd
- Parent company
- Aster DM Quality Care Ltd
- Target company
- STS Holdings Ltd
- Stake acquired
- 14.21%
- Deal value
- USD 44.11 million
- Merger agreement
- Executed on November 29, 2024
- Regulatory approval
- National Company Law Tribunal, Hyderabad bench, order dated June 19, 2026
Sources
Related news
TPG Sells 6.66% Aster DM Quality Care Stake
Motherson Raises Shenzhen Autocruis Stake in CNY 3 Million Deal
TPG, Temasek Sell 12.64% Stake in Dr Agarwals Health Care
Tata Steel Invests Rs 1,340 Crore in Overseas Subsidiary
Axiscades to Acquire Majority Stake in Bengaluru Aerospace Manufacturer
Qualcomm Sells ₹184 Crore Stake in Shadowfax Deal
Sharma and Malik share halfway lead at Telangana Golconda Masters
India Replaces Sri Lanka as 2027 Women’s Champions Trophy Host
Centre Assures JDU Bihar’s Interests In Farakka Treaty Decision
India’s Record Wheat Harvest Opens $1.5 Billion Export Window
West Bengal CM Crushes Nearly 2 Lakh Seized Syrup Bottles
