Apollo Hospitals Enterprise has announced the acquisition of an additional 775,744 equity shares in Apollo Health and Lifestyle Limited (AHLL), thereby increasing its total shareholding to 100%.
The shares were purchased from existing individual shareholders at a price of ₹241 per share, amounting to a total consideration of ₹18.69 crores. This move follows previous acquisitions from International Finance Corporation and IFC EAF Apollo Investment Company, which had already raised Apollo Hospitals' stake in AHLL to 99.42%. With this latest transaction, Apollo Hospitals now fully owns AHLL, reflecting its strategic intent to consolidate its position in the healthcare sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).