Apollo Health and Lifestyle raises Rs 450 cr of growth capital from World Bank's arm IFC

India Infoline News Service | Mumbai | December 01, 2016 14:09 IST

This investment will fuel AHLL's expansion plans and fulfill its vision of bringing healthcare of international standards with in the reach of 20 million patients each year by 2020.

Apollo Hospital
Apollo Hospitals Enterprise Ltd is currently trading at Rs 1212.2, up by Rs 13.85 or 1.16% from its previous closing of Rs 1198.35 on the BSE.

Apollo Health and Lifestyle Ltd. (AHLL), a wholly owned subsidiary of Apollo Hospitals Enterprise limited, and a leading player in the retail healthcare segment in India, today announced receiving investments of Rs 450 crore from International Finance Corporation (IFC) and IFC Asset Management Company.

This investment will fuel AHLL's expansion plans and fulfill its vision of bringing healthcare of international standards with in the reach of 20 million patients each year by 2020.

The scrip opened at Rs 1199 and has touched a high and low of Rs 1220.95 and Rs 1188 respectively. So far 129730(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 16671.45 crore.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1544 on 02-Mar-2016 and a 52 week low of Rs 1147 on 21-Nov-2016. Last one week high and low of the scrip stood at Rs 1288.4 and Rs 1172 respectively.

The promoters holding in the company stood at 34.35 % while Institutions and Non-Institutions held 46.13 % and 19.52 % respectively.

The stock is currently trading below its 200 DMA.

***Note: This is a NSE Chart

 

Advertisements

  • Get your free IIFL Demat & Trading A/c now...Click here
  • Get IIFL express personal loan disbursal in just 8* hours...Know More
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.