Apollo Hospitals to raise $ 115 mn

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.

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