The Competition Commission of India (CCI) has approved the restructuring of Apollo Hospitals Enterprise’s pharmacy business and its subsequent acquisition by certain investors. Following the transaction, Apollo Pharmacy (APL) will be a wholly-owned subsidiary of Apollo Medicals (AMPL) in which the company will have a 25.5 per cent stake.
Earlier, the company, in November 2018, had announced that it would divest its front-end pharmacy business to Apollo Pharmacy for a lump sum cash consideration of Rs 527.8 crore as part of a restructuring exercise.
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.
| Company Name | CMP |
|---|---|
| Apollo Hospital Ent. | 8688.35 |
| Max Healthcare Inst. | 1129.30 |
| Narayana Hrudayalay. | 1971.15 |
| Aster DM Healthcare | 784.80 |
| Global Health | 1314.60 |
| View more.. | |
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