CCI gives nod to Apollo Hospitals’ Pharma Business rejig
CCI gives nod to Apollo Hospitals’ Pharma Business rejig

The CCI has approved the restructuring of Apollo Hospitals Enterprise Ltd.'s pharmacy business and its subsequent acquisition by certain investors. Following the transaction, Apollo Pharmacy Ltd. will be a wholly-owned subsidiary of Apollo Medicals Pvt. Ltd. in which Apollo Hospitals will have a 25.5 percent stake. The other three investors in Apollo Medicals will be ENAM Securities with 44.7 percent stake, Jhelum Investment Fund 1 with 19.9 percent stake and Hemendra Kothari with 9.9 percent stake.

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