India: Apollo Hospitals launches $136m QIP; scouts for acquisitions

India: Apollo Hospitals launches $136m QIP; scouts for acquisitions

Photo: Pixabay

Eyeing inorganic growth, debt reduction and investment in building digital capabilities, India’s largest private hospital chain Apollo Hospitals Enterprise Ltd on Monday launched a so-called qualified institutional placement (QIP) offering, to raise as much as Rs1,000 crore by selling shares to institutional investors.