The Competition Commission on Monday said it has approved the restructuring of Apollo Hospitals Enterprise Ltd’s pharmacy business and its subsequent acquisition by certain investors. Apollo Hospitals Enterprise...
Apollo Hospitals’ Suneeta Reddy sells 3.6% stake in firm to reduce promoter-level debt
Apollo Hospitals Enterprise Ltd (AHEL) said its managing director, Suneeta Reddy, a member of the promoter family, has sold a 3.6% stake in the company to raise funds to trim promoter-level debt. Shares were sold to...
Apollo Hospitals spins off its Retail Pharmacy business
In order to streamline the group's business and maximise shareholder value, the country's largest private sector healthcare provider, Apollo Hospitals has spinned off its front-end retail pharmacy business into Apollo...
Amazon India ties up with Kudumbashree
Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India...
Apollo Hospitals to sell assets to reduce promoter pledged shares
The promoters of Apollo Hospitals are planning to cut the level of pledged shares by at least 50 per cent in the next six months. The promoters have around 34.40 per cent stake in Apollo Hospitals Enterprise Ltd (AHEL)...
Apollo Hospitals to divest front-end pharmacy business
Apollo Hospitals Enterprise NSE 2.25 % said Wednesday it is divesting its front-end pharmacy business to Apollo Pharmacy Ltd for a lump sum cash consideration of Rs 527.8 crore as part of a restructuring exercise. The...
Apollo Hospitals looks at acquisition in North and West
Apollo Hospitals Enterprise Ltd (AHEL), India’s largest healthcare provider by market value, is considering the acquisition of small hospitals in northern and western parts of India. The company, which has been...
IHH exits Apollo Hospitals, sells shares worth around Rs 830 cr
Integrated (Mauritius) Healthcare Holdings Limited (IHH) has exited from Apollo Hospitals by selling shares worth over Rs 830 crore. IHH, an arm of Malaysian sovereign fund Khazanah Nasional Bhd, is consolidating its...
Taking Healthcare To Greater Heights
Healthcare has become one of India’s largest sectors ‐ both in terms of revenue and employment in the country. The industry comprises hospitals, medical devices, clinical trials, outsourcing, telemedicine, medical...