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India’s Apollo Hospitals plans to raise about $200 million by selling up to a 6% stake

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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