Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4553)	6/14/1999 1:20:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Apollo Hospitals to offer majority to foreign ally apollohospitals.com C Chitti Pantulu ---------------------------------------------------------------------- Hyderabad, June 13: Fifteen years after setting up the country's first corporate hospital and nurturing it into a Rs 450 crore healthcare giant, Apollo Hospitals group chairman Pratap C Reddy has decided to bring in a strategic partner who will pick up a majority stake in the group. Reddy has begun negotiations with at least two global healthcare majors, one from Australia and the other from the US, for offering equity to the tune of Rs 600 crore. The group will undergo a restructuring to make the induction of the new partner possible, Reddy told The Financial Express. The move is intended to finance an ambitious Rs 2,000 crore expansion plan which should see the group emerge as perhaps one of the largest healthcare conglomerates in the world with a combined capacity of over 6,000 beds by the turn of the century......... financialexpress.com