Private equity firm Advent International has agreed to a primary investment of 24.75 billion rupees (approximately $297 million) into Apollo Hospitals' unit, Apollo HealthCo. This investment, approved under a binding agreement, is part of a broader strategy that includes the merger of Keimed with Apollo's digital arm, Apollo 24/7. The funds will be raised through compulsory convertible instruments over two tranches. The investment and merger are aimed at enhancing Apollo HealthCo's offerings and market presence.
Headlines | Apollo Hospitals' arm inks binding agreement with private equity firm Advent International to raise a sum of 2475 crores. Advent set to pump money for the compulsory convertible instruments over 2 tranches. In addition the company will also be merging Keimed, roughly… https://t.co/QTe7LzaMFg
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#Apollo 24|7 to raise ₹2,475 crores from #Advent; merges #Keimed into digital arm https://t.co/dR8bMqTnxl
PE firm Advent to invest $297 mln in India's Apollo Hospitals unit https://t.co/ZZtG6fnRod https://t.co/7saSc9xDnh
Private equity firm Advent International will invest 24.75 billion rupees (nearly $297 million) in Apollo Hospitals' unit Apollo HealthCo, the hospital chain operator said on Friday. https://t.co/vBdvQUihgV https://t.co/vBdvQUihgV
Stocks In News | Apollo Hospitals: Approval for primary investment of ₹2,475 cr by Rasmeli into Apollo Healthco; to merge Keimed with Apollo 24/7 @HospitalsApollo https://t.co/ul7YYt2Yxb
PE Advent International queues up for a stake in Apollo 24/7 https://t.co/ncJ2HCL7Im