While the lower-than-expected valuations assigned to Apollo HealthCo came as a negative surprise, analysts remain hopeful of reduced cash burn and rapid expansion for the Apollo Hospitals arm.
Shares of Apollo Hospitals Enterprise fell over 8 percent in intra-day trading today after the firm announced that it will raise ₹2,475 crore through private equity firm Advent International for its unit Apollo HealthCo. Investors expressed concern about the valuation assigned to Apollo 24/7.