• search

Apollo Hospitals to raise $ 115 mn

Written by: Staff

Mumbai, May 12 (UNI) Apollo Hospitals today decided to raise upto USD 115 million, inclduing green shoe option, from overseas market.

The company board, in a meeting held today, also decided to issue warrants convertible into equity shares up to 2.5 per cent of the existing share capital to the promoters/promoter group, it informed the Bombay Stock Exchange. The issue price shall not be less than the price calculated in accordance with SEBI guidelines for preferential allotment of shares/warrants and would be issued on such terms and conditions as may be approved by the board, the company release said.

The board also deciced to delist equity shares of the company from Madras Stock Exchange.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more