Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
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Apollo Hospitals plans to expand presence in Indian sub-continent

Date: 05-01-2012

In a bid to expand its presence in Indian sub-continent, West Asia and Africa, Apollo Hospitals Enterprise is in talks with Singapore-based hospital operator -- Parkway Holdings -- on a prospective tie-up. However, the company declined to elaborate further on the tie-up, and expecting the deal to be concluded in the next few weeks.

Earlier in July, 2010, Malaysian sovereign wealth fund Khazanah Nasional bought Parkway, for $2.56 billion and paid Rs 470 crore for a minority stake in Apollo Hospitals.