Through a private placement basis, Apollo Hospitals Enterprise helps to raise Rs 105 crore by non-convertible debentures (NCDs) to ICICI Bank.

On December 14, 2022, the committee of directors approved the allotment of 1,050 unsecured, senior, rated listed, redeemable, non-convertible debentures having a face value of Rs 10 lakh per share for cash to Rs 105 crore to ICICI Bank on a private placement basis, on the terms and conditions as mentioned in the placement memorandum.

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On the Wholesale Debt Market, NCDs are proposed to be listed on the NSE. To enhance patients’ quality of life by providing a comprehensive, cost-effective basis and selling high-quality pharma and wellness products through a network of pharmacies and high-quality hospital services.

On a consolidated basis, the net profit of Apollo Hospital hit a high of 17.7% to Rs 203.99. Meanwhile, the net sale rose by 14.4% to Rs 4,251.07 crore in September 2022 over September 2021.

On the Bombay Stock Exchange (BSE), the stock hit a high of 0.06% to Rs 4,679.15.