Tag: #Apollo Hospitals Enterprise Limited (“AHEL”)

Apollo Hospitals Enterprise Limited (“AHEL”)    Apollo 24|7 to raise INR 2,475 Crores from Advent International; Merge Keimed with Apollo 24|7 Apollo HealthCo Limited (“Apollo 24|7” or “AHL”), a subsidiary of Apollo Hospitals Enterprise Limited (“AHEL”) has today entered into a binding agreement to raise equity capital of INR 2,475 Crores from Advent International (“Advent”), one of the world’s largest and most experienced global private equity investors. In addition, Apollo 24|7 has entered into a framework agreement to integrate 100% of Keimed Private Limited (“Keimed”), India’s leading wholesale pharma distributor, in a phased manner over the next 24-30 months. Advent shall invest in compulsory convertible instruments over 2 tranches to secure 12.1% stake in the merged entity, by...