India's Apollo Hospitals seeks private equity investment
Apollo Hospitals is looking to garner additional funding from private equity investors to the tune of INR3,000 crore in an effort to expand its reach in India, with the company’s Chairman suggesting that a partnership with Malaysian sovereign wealth fund Khazanah Nasional would be fitting off the back of the latter's recent acquisition of Singapore's Parkway Holdings.
According to reports citing Apollo's Chairman D. Prathap Reddy, the funding would be used for expansion, by specifically by building 50 smaller, specialized hospitals in tier-II cities and one at an international...
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