Apollo Hospitals Enterprise Ltd

The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, the Nifty fluctuated within a narrow range, eventually closing at 24,413.50.

Advent and Apollo HealthCo have entered into a deal through which Advent will invest Rs 2,475 crore into Apollo HealthCo

On the hospital front, AHEL aims to boost volume growth across key specialties such as cardiology, oncology, and neurosciences.

Free cash flows will enable health care chain to grow, says Suneeta Reddy

According to Apollo's Q1FY2024 results, both Spectre and Cradle Royale showed a combined in-patient Average Revenue Per Patient of Rs 2.12 lakh

Corporate hospitals have a look-East policy as they feel this is an underserved region

Apollo Hospital, which has partnered with Bharti Airtel and Cisco, plans to deploy 15 such connected ambulances in Delhi, Chennai and Hyderabad later this month, and a total of 200-300 by March 2023

Move is expected to result in passive inflows of $89 million (Rs 650 cr) in Tata Consumer. Gail could see outflows of $57 million (Rs 410 cr)

At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE

The ramp up in new hospitals should add to revenues and margins going ahead for the hospitals segment

Analysts see Apollo going back to its hospital margin expansion trajectory in FY22 to help drive cash generation and debt reduction

In June 2019, HDFC had signed agreement with Apollo Hospitals Group to acquire its 51.2 per cent stake in the health insurance company for Rs 1,347 crore

Apollo Hospitals, in June 2019, had accorded the sale of the entire 9.96 per cent equity stake held by it in Apollo Munich Health Insurance Company Ltd.

Promoters' pledged shares to come down to 20-25 per cent in a month

On Tuesday, the stock price of AHEL came down by Rs 97.80 to end the day at Rs 1,430.85 per share

A combination of foreign and domestic institutional investors are expected to participate

Promoters say the plan to reduce pledged shares in the firm to 50% in a few months is on track

'If we get a good strategic investor for PCR Investments, we will look at it,' says AHEL's MD Sunita Reddy

The aim is to reduce the Apollo shares pledged by the family as collateral to lenders, to 20 per cent of their total holding in the company from about 78 per cent now

Earlier, almost 74 per cent of the promoter shares were pledged to unwind a deal with private equity player KKR, raising concerns in the market.