Apollo Hosp buys 31% more in arm for INR 12.54 bln, ups stake to over 99%
This story was originally published at 13:48 IST on 23 March 2026
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NEW DELHI – Apollo Hospitals Enterprise Ltd., Monday said it has completed the acquisition of 30.58% more stake in its subsidiary Apollo Health and Lifestyle Ltd. from International Finance Corp., Washington and IFC EAF Apollo Investment Company.
The acquisition involved the purchase of 41.65 million equity shares for a total consideration of INR 12.54 billion. Following this, Apollo Hospitals' effective shareholding in Apollo Health and Lifestyle has increased to 99.42%, The deal had received approval from the Competition Commission of India on Jan. 20.
Apollo Health and Lifestyle operates clinics, diagnostics centres under the Apollo brand. For the December quarter, Apollo Hospitals Enterprise reported a net profit of INR 5.02 billion on revenue of INR 64.77 billion. At 1335 IST, shares of the company traded at INR 7,101 on the National Stock Exchange, down 3.6%. End
Reported by Gunjan Rajput
Edited by Avishek Dutta
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