India’s Apollo Hospitals Enterprise Ltd plans to raise about $200 million by selling up to a 6% stake in its online platform, Chief Financial Officer Krishnan Akhileswaran said on Friday.
Apollo Hospitals expects a $2.5 billion to $3 billion valuation for healthcare services platform Apollo HealthCo Ltd.
In May, Apollo’s fourth-quarter healthcare revenue rose 18.5% and accounted for 51% of its total revenue.
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