Apollo Hospitals Enterprise Ltd.

Apollo Hospitals Enterprise is currently trading at Rs. 835.00, up by 40.40 points or 5.08% from its previous closing of Rs. 794.60 on the BSE.

The scrip opened at Rs. 798.85 and has touched a high and low of Rs. 846.65 and Rs. 798.85 respectively. So far 15205 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 902.85 on 27-Nov-2012 and a 52 week low of Rs. 595.00 on 20-Apr-2012.

Last one week high and low of the scrip stood at Rs. 846.65 and Rs. 787.00 respectively. The current market cap of the company is Rs. 11603.04 crore.

The promoters holding in the company stood at 34.35% while Institutions and Non-Institutions held 40.82% and 21.12% respectively.

Apollo Hospitals Enterprises is reportedly in advance stage of negotiations to acquire a Chennai-based Lifeline Hospitals. The contour of the transaction involves Apollo entering into a long term lease agreement to manage Lifeline.

Initially, Apollo will lease the property spread across 1 lakh sqft, while post acquisition, Apollo could explore the possibility of a full-fledged acquisition after running it for a couple of years. The company is expected to pay up to Rs 62 per sqft a month - that is Rs 7.4 crore a year as the lease value for a property that was estimated to cost Rs 170 crore.

Apollo Hospitals Enterprise, is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.