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  • Apollo Hospitals Related news

Apollo Hospitals Related news

Apollo Hospitals hits record high on launch of Rs 1,000-crore QIP

Apollo Hospitals hits record high on launch of Rs 1,000-crore QIP

Shares of Apollo Hospitals Enterprise hit a record high of Rs 2,654 on the BSE in the intra-day trade on Tuesday after the company announced that it has launched a qualified institutional placement (QIP) issue to raise upto Rs 1,000 crore.

Based on Sebi's pricing formula for such transactions,the board has fixed the floor price at Rs 2,508.6 for the share sale. The final issue price, including any discount to the floor price, will be determined in the fund-raising committee meeting on January 22, 2021, Apollo Hospitals said in a statement.

Apollo Hospitals plans to raise Rs 1,500 crore in next two months

Apollo Hospitals plans to raise Rs 1,500 crore in next two months

Apollo Hospitals Enterprises (AHEL) is planning to raise around Rs 1,500 crore in the next two months to support its inorganic growth and strengthen balance sheet and its digital platform.

It’s an indicative figure, not definite, Suneeta Reddy, managing director, Apollo Hospitals Group, said. The money, Reddy said, will be deployed in Apollo 24/7, the company’s six-month-old digital health platform, and in supporting growth in the hospital business and deleveraging the balance sheet.

Apollo Hospitals scouting for acquisitions in north and east India

Apollo Hospitals scouting for acquisitions in north and east India

After acquiring IHH Healthcare (IHH's) stake in Apollo Gleneagles Hospital Limited, Kolkata (AGHL), Chennai-based Apollo Hospitals is now scouting for some more acquisitions to expand in north and east India. The hospital chain recently got its board's approval to raise upto Rs 1,500 crore and a portion of it will be used for acquisitions.

Apollo Hospitals up 5% as IRDA approves stake sale in Apollo Munich to HDFC

Apollo Hospitals up 5% as IRDA approves stake sale in Apollo Munich to HDFC

Shares of Apollo Hospitals Enterprise jumped 5.2 per cent to Rs 1,501.5 per share on the BSE on Thursday after the company said Insurance Regulatory and Development Authority of India (IRDAl) has approved HDFC's bid to acquire 51.2 per cent stake in Apollo Munich Health Insurance Company (AMHI). Competition Commission of India (CCI), and Reserve Bank of India (RBI) have already approved the deal.

Telangana goes for drone-driven healthcare, ties up with Apollo Hospitals unit

Telangana goes for drone-driven healthcare, ties up with Apollo Hospitals unit

Telangana will embark on a large-scale programme to deliver blood and transport of medical samples via drones. The initiative is co-designed with the World Economic Forum and Healthnet Global Limited, an Apollo Hospitals Group company.

Apollo Hospitals to join Ayushman Bharat, but only in smaller cities

Apollo Hospitals to join Ayushman Bharat, but only in smaller cities

Apollo Hospitals, the country’s largest chain in the segment, says it will join the Ayushman Bharat programme in tier-II and tier-III cities.

In metropolitan cities, however, it will continue to stay away till the government programme raises the rates for surgery and treatment.

AHEL to seek shareholders’ nod to ive off pharmacy business

AHEL to seek shareholders’ nod to ive off pharmacy business

Pursuant to the recent orders of the National Company Law Tribunal, Chennai, Apollo Hospitals Enterprise (AHEL) has called for an equity shareholders meeting here on October 21 for approving the scheme of arrangement between AHEL and Apollo Pharmacies (APL), the company has informed the stock exchanges on Monday. In November 2018, Apollo Hospitals had said, to capitalise on the huge growth opportunity and to give greater focus, it had decided to restructure its pharmacy business.

Apollo Hospitals rules out further stake sale

Apollo Hospitals rules out further stake sale

Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

Apollo Hospitals promoter group will issue 50 lakh shares to reduce stake

Apollo Hospitals promoter group will issue 50 lakh shares to reduce stake

The promoter group family of Apollo Hospitals Enterprise Ltd (AHEL) will be issuing five million shares through secondary placement to raise around $101 million (Rs 720 crore).

The aim is to reduce the promoters' pledged shares in the company. The deal, for which Citi Group is acting as placement agent and building the book (the term for getting enough investors to buy into a new share issue), is expected to happen in a day or two.

Apollo Hospitals’ profit focus is key to retaining investor interest

Apollo Hospitals’ profit focus is key to retaining investor interest

Shares of Apollo Hospitals Enterprise Ltd have gained 10% since it announced its June quarter results on 13 August. With the performance reassuring investors on asset optimization and profit metrics, the stock hit a new 52-week high of ₹1,4687 on Friday.

Losses the company’s new ventures, housed under Apollo Health and Lifestyle Ltd, reduced significantly.

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