By Debdeep Gupta | 29 Apr, 2024
Apollo Hospitals sinks 8% as Apollo HealthCo's valuation in Advent deal a letdown for Street
Shares of Apollo Hospitals Enterprise dropped 8 percent in opening trade on April 29 as investors remained wary of the valuations commanded by the company's arm, Apollo HealthCo, in its recent deal with Advent International.At 9.53 am, Apollo Hospitals was trading at Rs 5,750 on the NSE.Apollo HealthCo, which manages the company's Apollo 24/7 vertical, will raise Rs 2,475 crore from global private...