Apollo Hospitals to Acquire 30.58% Stake in Apollo Health and Lifestyle Limited for Rs 12,540.68 million

Apollo Hospitals Enterprise Ltd has approved the acquisition of 41,650,368 equity shares in its subsidiary, Apollo Health and Lifestyle Limited (AHLL), from the International Finance Corporation and IFC EAF Apollo Investment Company. The acquisition, for a total purchase consideration of Rs 12,540.68 million, will give Apollo Hospitals a 30.58% equity stake in AHLL. The transaction is subject to approval from the Competition Commission of India. AHLL is engaged in providing comprehensive, high-quality healthcare services, including operation of speciality hospitals, clinics, diagnostic centres, sugar clinics, dental clinics, and dialysis centres. The transaction does not fall within the ambit of a related party transaction and no promoter group companies have any interest in AHLL. The object of the acquisition is to consolidate ownership and have full control over AHLL’s operations, enabling better integration with the Company’s diagnostic services and improving operational efficiencies.