Apollo Hospitals Enterprise (AHEL) is restructuring its operations by setting up a separate company to house its pharmacy and online digital assets. The reorganisation will enable the company to focus on digital healthcare services and unlock value given investor demand for such healthcare platforms.

• Transrail Lighting Bags Rs 459 Cr MENA Transmission Orders
• Kotak Mahindra Bank Hikes DCC Fee to 3.5% from August
• Jubilant Pharmova Arm Gets USFDA Nod for Antacid Drug
• TVS Motor Jumps 3.75% as NTORQ 125 Gets New Colours
• Fortis Healthcare Falls 2.25% as Delhi Govt Orders Probe

AHEL will transfer related assets (pharmacy retail and backend, diagnostics, online brands) and companies to the new outfit called Apollo HealthCo (AHL) and get Rs 1,200 crore for the slump sale of these assets.

Stock Covered in the news

Apollo Hospitals Enterprise (AHEL)-View Detailed Analysis