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.
Apollo HealthCo to raise Rs 2,475 Cr from Advent International yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Apollo HealthCo Ltd (Apollo 24|7) on Friday announced it would raise equity capital of Rs 2,475 crore from leading private equity (PE) investor Advent International.A subsidiary of Apollo Hospitals, Apollo 24|7 said it has also entered into a .
Advent International to invest ₹2,475 cr. in Apollo HealthCo thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
US-based private equity firm Advent International has agreed to invest Rs 2,475 crore ($296 million) to pick up a minority stake in Apollo HealthCo Ltd, ..