Tuesday, Apr 19, 2005
Tuesday, Apr 19, 2005 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Classifieds | Employment | Business
CHENNAI: The board of directors of Apollo Hospitals Enterprise at its meeting held on Monday announced an offer of global depository receipts (GDRs) for an aggregate amount of $135 million, comprising issue of new equity shares in the form of GDRs for $75 million and a sponsored issue of GDRs for $60 million. The board has called for an extraordinary general meeting of shareholders on May 24 to obtain their approval. The Apollo group's investments and initiatives are focused on increasing penetration of high-quality healthcare services to the growing Indian market and also expanding the group's footprint in the South Asian region. The proceeds from the primary offering will be deployed in enhancing the overall services specialties particularly in high technology offering in the cardiac and oncology services areas and consolidate the group's leadership position in its markets, says a release.
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
