Apollo Hospitals promoter not diluting stake

The hospital chain will rope in KKR on the family fund, to avoid diluting the promoter's stake in the company

Chennai-based hospital chain Apollo Hospital Enterprises said on Thursday it saw synergy with Kohlberg Kravis Roberts and Co (KKR), which is in talks with the chain's promoter for a Rs 600-crore stake.

However, Apollo said it would rope in KKR on the family fund, to avoid diluting the promoter's stake in the company.

Speaking on the sidelines of a seminar organised by Healthcare UK, a joint venture between the UK Department of Health and UK Trade & Investment, Prathap C Reddy, chairman of the Apollo Hospitals Group, said though the chain was looking for raising funds it didn't want to dilute stake and hence, would rope in an investor on the holding company, PCR Investments Ltd.