 "Apollo Hospitals has been investing big in infrastructure and bringing in advanced technologies such as Proton Therapy for cancer treatment, which has resulted in a higher debt")
Apollo Hospitals has opened QIP today with floor price set at Rs 2,508.58 a share.
Business Standard had reported last month that Apollo Hospitals was planning to raise up to Rs 1,500 crore from investors to support its inorganic growth, strengthen its balance sheet and its digital platform.
Sources said that the hospital chain is targeting large Domestic Mutual Funds, Sovereign Funds among others.
The money, according to hospital sources, will be deployed in Apollo 24/7, the company's six-month old digital health platform. The money will also be used to support growth in the hospital business and to deleverage the balance sheet.
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