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Apollo Hospitals shares crash over 8% after Advent deal; brokerage firms remain positive

Buy Apollo Hospitals Enterprise; target of Rs 7050: Prabhudas Lilladher

Prabhudas Lilladher is bullish on Apollo Hospitals Enterprise has recommended buy rating on the stock with a target price of Rs 7050 in its research report dated April 29, 2024.

Apollo 24|7 raises Rs 2475 Cr from Advent International

Apollo 24|7 raises Rs 2475 Cr from Advent International
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Editor s take: The week that was — April 22-27

Advent to infuse Rs 2,475 cr into Apollo Hospitals arm

Apollo HealthCo Ltd (AHL), a subsidiary of Apollo Hospitals Enterprise (AHEL), on Friday entered into a binding agreement to raise equity capital of Rs 2,475 crore from Advent International (Advent), one of the world s largest private equity (PE) players. The transaction will also see the merger of two units under Apollo Healthco - its wholesale pharma distribution unit Keimed Pvt Ltd and online healthcare business Apollo 24 7. The merger will take place in a phased manner over the next 24-30 months.

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