Markets likely to consolidate; Maruti, L&T Infotech in focus
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Indian stocks fell for the second straight day on Monday, extending Friday’s decline. REUTERS/Kham/File Photo
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Indian stock markets are likely to consolidate on Tuesday while trends in SGX Nifty suggest a positive opening of domesticbenchmark indices. On Monday, the BSE Sensex closed at 48,564.27, down 470.40 points or 0.96%. The Nifty ended at 14,281.30, down 152.40 points or 1.06%.
Asian share markets edged ahead on Tuesday as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out on Monday had confirmed China’s economy was one of the few in the world to grow over 2020 and actually picked up speed as the year closed.
India: Apollo Hospitals launches $136m QIP; scouts for acquisitions
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Eyeing inorganic growth, debt reduction and investment in building digital capabilities, India’s largest private hospital chain Apollo Hospitals Enterprise Ltd on Monday launched a so-called qualified institutional placement (QIP) offering, to raise as much as Rs1,000 crore by selling shares to institutional investors.
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Apollo Hospitals launches Rs 1,000 crore QIP; aims for inorganic growth opportunities, debt reduction
APEL may use the raised funds to acquire a 50 percent stake in a joint venture, pare down debt from its balance sheet and invest in building digital capabilities.
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India’s leading private hospital chain, Apollo Hospitals Enterprise Ltd, on January 18 launched its qualified institutional placement (QIP) offering, aiming to raise funds as much as Rs 1,000 crore by selling shares to institutional investors, the firm said in a regulatory filing.
The hospital chain’s board approved the QIP offering by fixing a floor price of Rs 2,508.58 apiece for the share sale. The floor price has been fixed on the Securities and Exchange Board of India’s (SEBI) pricing formula for transactions, which allows firms to offer up to 5 percent discount on the floor price to prospective investors.
Read more about Healthcare shares slide on Business Standard. Healthcare stocks were trading with losses, with the S&P BSE Healthcare index falling 113.35 points or 0.51% at 22268.45 at 13:48 IST.
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PUNE, India, Dec. 21, 2020 /PRNewswire/ Big data analytics solutions are rapidly being embraced by healthcare service providers to create useful insights to provide quality care, according to industry developments in outpatient care centers. This technology provides methods for analyzing broad data sets to produce important information relevant to the medical history and preferences of patients. It creates insights to simplify and streamline practices, increase patient satisfaction levels, and provide patients with quality treatment.
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The number of outpatient centers are increasing at a rapid rate due to the Covid-19 pandemic. Outpatient facilities are being preferred by the general population for performing various diagnosis and test related to Covid-19.