 "Multiple income-tax raids on Apollo group hospitals")
The income tax department conducted raids at hospitals owned by Apollo Hospitals Enterprise, one of the leading hospital chains in India.
Apollo’s official public relations agency confirmed the raid was happening. Income tax department officials, too, have confirmed about the raid but refused to share any details.
The raid started at 8 am on Tuesday and was still going on at the time of writing this story.
The company’s spokesperson said, “The I-T department visited our hospitals today and we extended our complete cooperation to them. We have always conducted ourselves with the highest degree of diligence and we would like to reassure our patients, shareholders and stakeholders that we shall uphold their trust and faith in us.”
The hospital chain has 64 hospitals with total bed capacity of 8,985 (as on September 30, 2015). Apollo Hospitals stock price rose 1.35 per cent on the BSE on Tuesday to close at Rs 1,466.75 a share.
Apollo’s official public relations agency confirmed the raid was happening. Income tax department officials, too, have confirmed about the raid but refused to share any details.
The raid started at 8 am on Tuesday and was still going on at the time of writing this story.
The company’s spokesperson said, “The I-T department visited our hospitals today and we extended our complete cooperation to them. We have always conducted ourselves with the highest degree of diligence and we would like to reassure our patients, shareholders and stakeholders that we shall uphold their trust and faith in us.”
The hospital chain has 64 hospitals with total bed capacity of 8,985 (as on September 30, 2015). Apollo Hospitals stock price rose 1.35 per cent on the BSE on Tuesday to close at Rs 1,466.75 a share.