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Apollo Hospitals to raise $200 mn by selling 6% stake in online platform

In May, Apollo's fourth-quarter revenue from healthcare services climbed 18.5% and accounted for 51% of its total revenue

Apollo

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Reuters

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(Reuters) - India's Apollo Hospitals Enterprise Ltd plans to raise about $200 million by selling a stake of up to 6% in its online platform, Chief Financial Officer Krishnan Akhileswaran said on Friday.
Apollo Hospitals is expecting a valuation of $2.5 billion to $3 billion for the healthcare services platform, Apollo HealthCo Ltd.
In May, Apollo's fourth-quarter revenue from healthcare services climbed 18.5% and accounted for 51% of its total revenue.
 
(Reporting by Chandni Shah in Bengaluru; Editing by Anil D'Silva)

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First Published: Jun 2 2023 | 10:41 PM IST

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