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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.

Apollo HealthCo to raise Rs 2,475 Cr from Advent International

Apollo Hospitals' unit to raise Rs 2,475 crore from PE firm Advent International

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

Advent International to invest $296 mn in Apollo Hospital unit

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, ..