India: Apollo Hospitals launches $136m QIP; scouts for acquisitions

India: Apollo Hospitals launches $136m QIP; scouts for acquisitions

Photo: Pixabay

Eyeing inorganic growth, debt reduction and investment in building digital capabilities, India’s largest private hospital chain Apollo Hospitals Enterprise Ltd on Monday launched a so-called qualified institutional placement (QIP) offering, to raise as much as Rs1,000 crore by selling shares to institutional investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter