Apollo Hospitals rises as its arm raises Rs 450 crore from IFC

02 Dec 2016 Evaluate

Apollo Hospitals Enterprise is currently trading at Rs. 1221.40, up by 1.80 points or 0.15 % from its previous closing of Rs. 1219.60 on the BSE.

The scrip opened at Rs. 1210.00 and has touched a high and low of Rs. 1224.00 and Rs. 1200.10 respectively. So far 6601 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1544.00 on 02-Mar-2016 and a 52 week low of Rs. 1147.00 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1258.00 and Rs. 1188.00 respectively. The current market cap of the company is Rs. 16913.45 crore.

The promoters holding in the company stood at 34.35%, while Institutions and Non-Institutions held 46.13% and 18.97% respectively.

Apollo Health and Lifestyle (AHLL), a wholly owned subsidiary of Apollo Hospitals Enterprise, and a leading player in the retail healthcare segment in India, has received investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company. This investment will fuel AHLL's expansion plans and fulfill its vision of bringing healthcare of international standards within the reach of 20 million patients each year by 2020.

Apollo's strategy is to provide the complete continuum of care so that patients can experience the Apollo brand of care seamlessly from home to the tertiary care hospitals. AHLL operates a range of formats that fill the space between home care and tertiary care hospitals. AHLL will use IFC's equity investment to expand its network of Clinics, Cradle and Diagnostics centers across India. The investment will create multiple job opportunities across India for healthcare professionals, including doctors, nurses, and technicians.

Apollo Hospitals is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.

Apollo Hospital Ent. Share Price

7032.20 -57.65 (-0.81%)
10-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Apollo Hospital Ent. 7032.20
Max Healthcare Inst 1149.45
Narayana Hrudayalay 1311.85
Aster DM Healthcare 503.80
Global Health 1073.55
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