Apollo Hospitals Launches Rs 1,000 Crore QIP; Aims For Inorganic Growth Opportunities, Debt Reduction
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. Representative image. 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 boa...
Source: moneycontrol.com