Apollo Cradle and Cloudnine merge in ₹1,550 cr deal
after close1 source ↓written by the desknot a recommendation
- deal to enhance
- ₹1,550 crore
- in the new
- 9.9% stake
Apollo Cradle and Cloudnine are merging in a ₹1,550 crore deal to enhance women's and child healthcare in India. The transaction involves Apollo Health and Lifestyle Limited transferring its maternity and fertility units to Cloudnine for a 9.9% stake in the new entity, along with cash consideration. This merger aims to strengthen service offerings in fertility treatments and maternity care.
Not investment advice. For informational purposes only.