Apollo Hospitals Enterprise to sell 9.69% stake in Apollo Munich to HDFC
20th Jun 2019

Apollo Hospitals Enterprise has received approval to sell entire 9.96% equity stake held by the Company in Apollo Munich Health Insurance Company, an unlisted public limited Company for a total consideration of around Rs 300 crore, subject to indemnity related adjustments, to Housing Development Finance Corporation (HDFC) and the execution of Definitive Agreements in this regard.

The Board of Directors of the Company at its meeting held on June 19, 2019 has approved the same.

Apollo Hospitals Enterprise owns and operates chain of multi-specialty hospitals. It offers the services in the area of cardiology, cardiothoracic, orthopedics and joint replacement, spine surgery, oncology, etc.