Apollo Hospitals is in talks to buy stake in Kovai Medical, reports CNBC-TV18, quoting NewsWire18. Sources said the Kovai Medical is seeking Rs 180-200 per share for the stake.
On February 22, CNBC-TV18 reported that Apollo Hospitals plans to raise USD 30 million via private equity funding. The proceeds are to be used for expansion plans.
World Bank Group member International Finance Corporation had invested USD 50 million in Apollo Hospitals in June 19 last year. The company said it has no fixed plans for fund raising as of now.
