Apollo Hospitals sells 16.9% stake in subsidiary Apollo Healthco for ₹2,475 crore to Rasmeli
The deal, valued at ₹2,475 crore, will be executed in two tranches, reducing Apollo Hospitals’ stake in Apollo Healthco from 94.91% to 78.879%, on a fully converted basis. Shares of Apollo Hospitals Enterprise Ltd ended at ₹7,239, up by ₹75.10, or 1.05%, on the BSE.
The deal, valued at ₹2,475 crore, will be executed in two tranches, reducing Apollo Hospitals’ stake in Apollo Healthco from 94.91% to 78.879%, on a fully converted basis. Shares of Apollo Hospitals Enterprise Ltd ended at ₹7,239, up by ₹75.10, or 1.05%, on the BSE.
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