Apollo Hospitals plans to raise Rs 1,500 crore in next two months

The pharmacy business is one the main segments that helped Apollo cushion from any big shocks due to the pandemic

Apollo Hospitals Enterprises (AHEL) is planning to raise around Rs 1,500 crore in the next two months to support its inorganic growth and strengthen balance sheet and its digital platform.
 

It’s an “indicative figure, not definite”, Suneeta Reddy, managing director, Apollo Hospitals Group, said. The money, Reddy said, will be deployed in Apollo 24/7, the company’s six-month-old digital health platform, and in supporting growth in the hospital business and deleveraging the balance sheet.
 

“We are also prepared for any bolt on acquisitions that would strengthen our presence in key markets that we have identified,” she said. The hospital chain is