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Apollo Hospitals Enterprise Ltd (AHEL) is looking at restructuring its retail pharmacy business in order to bring down the foreign holding in retail below 51 per cent. The move is expected to help the company get FIPB aaproval for its pending Rs 750 crore rights issue.

The decision comes as the Foreign Investment Promotion Board (FIPB) has been holding back its approval for the hospital chain to raise Rs 750 crore from foreign investors. The FIPB had passed on AHEL's proposal to raise Rs 750 crore through rights issue to the Cabinet Committee on Economic Affairs (CCEA) for its consideration in a the meeting held on February 21, according to a latest announcement.


 
Share price of Apollo Hospitals declined by over five per cent on Friday after a report said that Malaysia-based sovereign fund Khazanah's arm Integrated Healthcare Holdings (IIH) sold six per cent stake in the company. IHH already have invested into hospital sector in India other than the stake in Apollo Hospitals.

The stock price has come down almost 5.31 per cent to Rs 1,246 following the stake sales for $160 million in Apollo hospital.


 
Mumbai: Shares of Apollo Hospitals Enterprises Ltd fell sharply on Friday after the company witnessed a series of block deals in which around 6.58 million shares or 4.7% stake of the company changed hands.

However, details of the buyers and sellers were not known, according to a Bloomberg report.


 
To add value to its existing clinics, health care giant Apollo Hospitals is planning to ramp up facilities in a year. It will draw up a list of retail health care outlets primarily in the Tier-II and -III cities.

Speaking to Business Standard, Sangita Reddy, joint managing director, said, “We plan to add MRI facility in Karimnagar retail outlet, among other centres.” Other centres in Karaikudi, Nellore and Bhubaneswar are also up for value addition. “The company plans to add radiotherapy in its Vizag and Bhubaneswar units,” Chief Financial Officer Krishnan Akhileshwaran told Business Standard.


 
Over Rs 5 crore was spent on Jayalalithaa's treatment after she was rushed to the Apollo Hospital here on the night of September 22, where she subsequently died after 75 days.

P Balaji of Madras Medical College, who attended on the late chief minister, told reporters that around Rs 5 crore to Rs 5.5 crore was the hospital bill for the treatment provided to her.


 
Taxi-aggregator Uber on Tuesday announced a partnership with Apollo Hospitals to engage in a road-safety training programme for driver-partners in 29 cities across the country.

In a press release, the company stated that the hospital will equip Uber's 8000 drivers who have received a 'five-star' by customers, with first aid medical kits. It also stated that as a part of this partnership, the company has created a series of training videos on handling road accidents which will be provided in English and one regional language.


 
Apollo Health and Lifestyle (AHLL) a wholly-owned subsidiary of Apollo Hospitals Enterprise, focusing on retail healthcare segment, has raised R450 crore by selling 29% equity stake to World Bank arm International Finance Corporation (IFC) and IFC Asset Management Company.

This investment will fuel AHLL’s expansion plans and fulfill its vision of bringing healthcare of international standards within the reach of 20 million patients each year by 2020. Apollo Hospitals has invested R500 crore in AHLL and the fresh infusion of R450 crore from IFC would take care of its growth plans for the next 24 months.


 
NEW DELHI: Apollo HospitalsBSE 1.77 % today said its clinics subsidiary Apollo Health and Lifestyle has raised Rs 450 crore by selling 29 per cent equity stake to World Bank's arm IFC, to fund its growth plans.

Apollo Health and Lifestyle Ltd (AHLL) has received "investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company. The investment will fuel AHLL's expansion plans", Apollo Hospitals Enterprise said in a BSE filing.


 
Healthcare major Apollo Hospitals on Friday reported a 2.72 per cent rise in standalone net profit to Rs 91.99 crore for the quarter ended September 30, mainly on account of robust sales.

The company had posted a net profit of Rs 89.55 crore for the corresponding period of the previous financial year, Apollo Hospitals Enterprise said in a filing to BSE.


 
Healthcare major Apollo Hospitals Enterprise on Thursday reported a 17.52 per cent decline in standalone net profit to Rs 72.17 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 87.51 crore during April-June quarter of the previous fiscal, Apollo Hospitals said in a BSE filing.


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