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has completed the sale of its entire 50% equity stake in its Apollo Gleneagles Hospital Ltd, Kolkata (AGHL) joint venture to Apollo Hospitals Enterprise Limited (Apollo).
“Our divestment of the AGHL joint venture is aligned with our ‘Refreshed Strategy’, which includes a review of our portfolio and capital deployment to optimise returns for shareholders.
“With the monetisation of this non-core asset, we will focus on strengthening our existing healthcare operations across India,” managing director and CEO Dr Kelvin Loh said in a statement.
“Given these challenging COVID-19 times in India, the welfare and safety of our colleagues, the doctors and nurses are our top priorities, as they serve and care for our patients. These are difficult times for all and we will stand together to come out stronger and support the Indian healthcare sector,” he added.
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