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

(Reuters) – Indian Hospitals Chief Financial Officer Krishnan Akhileswaran said the company plans to raise about $200 million by selling up to 6% stake in its online platform.

Apollo Hospitals expects a valuation of $2.5 billion to $3 billion for its healthcare services platform Apollo HealthCo Ltd.

In May, Apollo’s fourth-quarter healthcare revenue rose 18.5% and accounted for 51% of its total revenue.

(Reporting by Chandni Shah in Bengaluru; Editing by Anil D’Silva)

(Only the title and image for this report may have been reworked by the Business Standard team; the rest of the content is generated automatically from a shared feed.)

First published: Jun 02 2023 | 10:41 p.m ist