Friday 2 December 2016

Value unlocking boost for Apollo Hospitals

The Rs 450 crore investment in Apollo Health and Lifestyle (AHLL) by International Finance Corporation (IFC) is a positive move as it will help parent Apollo Hospitals to fund growth plans and unlock value for shareholders. IFC will get 29.03 per cent stake in AHLL which offers primary and secondary healthcare services through its over 200 centers. The company said that the move will fuel AHLL's expansion plans and strengthen its leadership position. While the subsidiary is growing its revenues it is yet to make money at the operating profit level. Analysts estimate that it could ..   
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