Apollo Hospitals Enterprise Ltd.

BSE: 508869 | NSE: APOLLOHOSP
Large Cap | Hospital & Healthcare Services
6919.80
2.50 (0.04%)
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Apollo Hospitals Enterprise’s arm incorporates wholly owned subsidiary

Date: 04-09-2024

Apollo Hospitals Enterprise’s unlisted material wholly owned subsidiary---Apollo Healthco has incorporated its wholly owned subsidiary by the name Apollo 24/7 Insurance Services, on September 3, 2024. Consequent to the incorporation of Apollo 24/7 Insurance Services, it became a Wholly Owned Step-Down Subsidiary of the company.

Apollo 24/7 Insurance Services has been incorporated to act as corporate agents for Life Insurance, General Insurance and Health Insurance as defined under the Insurance Regulatory and Development Authority Act 1999; to act as agents, representatives, sub-insurance agents, consultants, advisors and collaborators, in all insurance businesses and activities related thereto; and to engage in all activities which are incidental and allied or related to insurance business through technology/online platform/ applications or otherwise and for this purpose to apply, approach, acquire, hold and procure such rights, titles, entitlements, licenses and permissions from Government, Semi-Government, local authorities, public bodies, undertaking and from such other authorities as may be necessary and expedient to carry out the aforesaid activities. 

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.