A delay in finding an investor for Apollo HealthCo is driving a subtle change in Apollo Hospitals Enterprise’s capital expenditure (capex) strategy. The company is focusing more on brownfield expansion than entering new markets, according to management commentary given after its March 2022 quarter earnings. Apollo aims to build a 650-bed facility at a recently acquired partly constructed structure in Chennai's OMR Road. Additionally, the company plans to add 200-300 beds in Bengaluru. A few months back, after the December 2021 quarter had ended, it had laid out plans to add 2,000 beds in key locations. The company retains its objective of growing...
Moneycontrol Pro Panorama | Monetary policy in the middle overs
Jun 7, 2023 / 02:12 PM IST
In today’s edition of Moneycontrol Pro Panorama: MFs can play vital role in EV investment, US-China economic war a tragedy, infl...Read Now
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