Apollo Hospitals Acquires Stake Worth Rs 1,254 Crore In Subsidiary; Sets Up Rs 573-Crore Oncology Centre

Apollo Hospitals Enterprise Ltd. on Friday announced that it will acquire 31% stake held by International Finance Corporation in Apollo Health and Lifestyle Ltd., the company's subsidiary for Rs 1,254 crore. Following the transaction, Apollo Health and Lifestyle will become a 100% subsidiary of the company with 99.42% stake and balance in the ESOP pool.