Apollo Hospitals subsidiary acquires Bangalore hospital for ₹1,650 million
pre-market1 source ↓written by the desknot a recommendation
- Private Limited
- ₹1,650 million
- acquiring
- 6,48,468 equity shares
- ₹136.14 per share
- Hospital
- 100% subsidiary
Apollo Hospitals Enterprise Limited's subsidiary, Imperial Hospital and Research Centre Limited, has completed the acquisition of Belenus Champion Hospitals Private Limited for ₹1,650 million. This strategic move enhances Apollo's presence in the Bangalore healthcare market, acquiring 6,48,468 equity shares at ₹136.14 per share.
The acquisition positions Imperial Hospital as a 100% subsidiary, further solidifying its footprint in the region's healthcare sector.
Not investment advice. For informational purposes only.