Apollo Hospitals Enterprise Ltd.

Apollo Hospitals Enterprise, the country’s healthcare major, is planning to set up a second hospital at the port city of Chittagong, in Bangladesh, through a local partner. The 300-bed project is expected to be on stream in two years. Bangladesh is a major consumer of healthcare facilities in India, especially in Kolkata.

Country’s healthcare major is also in discussion with the Bangladesh government to offer “expert medical opinion” through a network of Union Parishad or Panchayat-level multi-purpose tele-centres in the neighboring country.

The company earlier reported that it is likely to invest around Rs 720 crore for adding 1,000 beds by the end of next fiscal. The company for this already raised the amount by share sale to qualified institutional buyers and through debt and internal accruals.