M&A

M&A

Apollo Hospitals to acquire Rs.103.3 Cr stake in subsidiary Apollo Health

BSE Announcement  

Apollo Hospitals Enterprises Ltd (AHEL) is to acquire a stake worth INR 103.3 crore in its subsidiary company, Apollo Health and Lifestyle Ltd (AHLL) via a rights issue. AHEL is to acquire 35,12,107 equity shares of INR 10 each at INR 294 per share (including a premium of INR 284 per share), aggregating to INR 103.26 crore.AHLL, incorporated in 2000, provides runs owned and franchised clinics and hospitals across India. It operates specialty hospitals, maternity hospitals, clinics, diagnostic centres, sugar clinics, dental clinics, and dialysis centres.