Apollo Hospitals gains on Hetero purchase

Reuters Market Eye - Apollo Hospitals Enterprise gains 1.9 percent, says will buy pharmacy chain Hetero Med Solutions for 1.46 billion rupees ($23.94 million).

Deal value is cheaper than market speculation of 3 billion rupees, dealers say.

Acquisition achieves Apollo's guidance to increase pharmacies by around 300 in next two years.

(1 US dollar = 60.9850 rupees)

(Reporting by Abhishek Vishnoi)