Business Standard

Apollo Hospitals Enterprise's promoter pledging likely to hit 75%

Earlier, almost 74 per cent of the promoter shares were pledged to unwind a deal with private equity player KKR, raising concerns in the market.

Apollo Hospitals has been investing big in infrastructure and bringing in advanced technologies such as Proton Therapy for cancer treatment, which has resulted in a higher debt
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Apollo Hospitals

Gireesh Babu
Apollo Hospitals Enterprise (AHEL) might see its promoters' pledged shares going up for a short while to 75 per cent, from 68 per cent now. They are pledging shares for solvency funding at Apollo Munich Health Insurance, in which Apollo Hospitals Group is selling its entire 51.2 per cent to HDFC. 
 
Earlier, almost 74 per cent of the promoter shares were pledged to unwind a deal with private equity player KKR, raising concerns in the market.
 
According to the a filing with the exchanges, PCR Investments has pledged equity shares with Catalyst Trusteeship, acting on behalf of debenture

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