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Apollo Hospitals Enterprise acquires 50% stake in Medics

06 Jul 2018 Evaluate

Apollo Hospitals Enterprise has acquired a 50% stake in Medics International Lifesciences (Medics), a 330 bedded super-speciality hospital in Lucknow.

Apollo Medics Super Speciality Hospital is expected to be commissioned by the third quarter of the current financial year. The acquisition of the 50% equity stake is through a primary issuance of shares by Medics for a consideration of Rs 91 crore which would be utilised towards hospital commissioning and related expenses.

Apollo Hospitals Enterprise owns and operates chain of multi-specialty hospitals. It offers the services in the area of cardiology, cardiothoracic, orthopedics and joint replacement, spine surgery, oncology, etc.

Apollo Hospital Ent. Share Price

7699.05 143.10 (1.89%)
17-Apr-2026 16:59 View Price Chart
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