Latest news with #NCLT-related
Economic Times
2 days ago
- Business
- Economic Times
Apollo Healthtech targets listing by Jan-Mar 2027
The hospital chain aims to add 4,370 beds through acquisition, brownfield and greenfield expansion over the next 3-4 years, with the first phase of 2,000 beds is already in progress. Apollo Healthtech, a part of Apollo Hospitals, may get listed by early 2027. This move aims to unlock value for shareholders. Promoters will remain the same. Apollo Hospitals reported a strong Q1 with a 42% profit increase. Revenue also grew by 15%. The company plans to add over 4,300 beds in the next few years. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Apollo Healthtech , the demerged omni-channel pharmacy and digital health business of Apollo Hospitals , is likely to be listed by January-March 2027, a top company official said if there are plans of a family reorganisation, Apollo Hospitals group chief financial officer Krishnan Akhileswaran told ET, "No, there isn't. It's just a value unlock for shareholders. The promoters of Apollo will also be the promoters of the new company, and they will also be directors in the new company. So, there is no change from that standpoint."Apollo Hospitals, India's largest pan-India hospital chain by revenue, announced its first quarter results post market hours on Tuesday. It posted a 42% on-year rise in first quarter consolidated net profit to ₹433 crore, driven by double-digit growth in all business for the quarter grew 15% on-year to ₹5,842 crore, driven by higher patient volumes and growth in diagnostic footprint. The company saw 26% rise in earnings before interest, taxes, depreciation, and amortisation to ₹852 crore. It had earlier in the quarter announced spinning off its omni-channel pharmacy and digital health business into a new entity Apollo Healthtech."The application to the stock exchanges have been already made and once their approval is received, we can file to the CCI (Competition Commission of India) and NCLT (National Company Law Tribunal) simultaneously. We expect the listing to happen around January-March of 2027. Some of the NCLT-related approval should come much before that," Akhileswaran Hospitals Enterprise chairman Prathap C Reddy said, "The demerger of our digital health and pharmacy business, approved in the last quarter, is now in the implementation phase. This strategic move will enable focused capital allocation and sharper growth plans with dedicated management teams for both hospital operations and omnichannel healthcare ecosystem."The hospital chain aims to add 4,370 beds through acquisition, brownfield and greenfield expansion over the next 3-4 years, with the first phase of 2,000 beds is already in progress. "Patient numbers across our network increased year-on-year. The quarter saw us announce our ambitious growth strategy to add over 4,300 beds in the next five years with an investment of over ₹7,600 crore," said Dr Reddy.
Time of India
2 days ago
- Business
- Time of India
Apollo Healthtech targets listing by Jan-Mar 2027
Mumbai: Apollo Healthtech , the demerged omni-channel pharmacy and digital health business of Apollo Hospitals , is likely to be listed by January-March 2027, a top company official said Tuesday. Asked if there are plans of a family reorganisation, Apollo Hospitals group chief financial officer Krishnan Akhileswaran told ET, "No, there isn't. It's just a value unlock for shareholders. The promoters of Apollo will also be the promoters of the new company, and they will also be directors in the new company. So, there is no change from that standpoint." Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Double-digit growth Apollo Hospitals, India's largest pan-India hospital chain by revenue, announced its first quarter results post market hours on Tuesday. It posted a 42% on-year rise in first quarter consolidated net profit to ₹433 crore, driven by double-digit growth in all business segments. Revenues for the quarter grew 15% on-year to ₹5,842 crore, driven by higher patient volumes and growth in diagnostic footprint. The company saw 26% rise in earnings before interest, taxes, depreciation, and amortisation to ₹852 crore. It had earlier in the quarter announced spinning off its omni-channel pharmacy and digital health business into a new entity Apollo Healthtech. CCI, NCLT nods "The application to the stock exchanges have been already made and once their approval is received, we can file to the CCI (Competition Commission of India) and NCLT (National Company Law Tribunal) simultaneously. We expect the listing to happen around January-March of 2027. Some of the NCLT-related approval should come much before that," Akhileswaran elaborated. Apollo Hospitals Enterprise chairman Prathap C Reddy said, "The demerger of our digital health and pharmacy business, approved in the last quarter, is now in the implementation phase. This strategic move will enable focused capital allocation and sharper growth plans with dedicated management teams for both hospital operations and omnichannel healthcare ecosystem." The hospital chain aims to add 4,370 beds through acquisition, brownfield and greenfield expansion over the next 3-4 years, with the first phase of 2,000 beds is already in progress. "Patient numbers across our network increased year-on-year. The quarter saw us announce our ambitious growth strategy to add over 4,300 beds in the next five years with an investment of over ₹7,600 crore," said Dr Reddy.
