Adani and Apollo are considering bids for a majority stake in Metropolis.

  • June 7, 2022, 1:06 p.m.

Two people familiar with the development said billionaire Gautam Adani and Apollo Hospitals Enterprise Ltd., the country’s biggest operator of hospitals, are evaluating bids to pick up a majority stake in diagnostic chain Metropolis Healthcare Ltd., two people familiar with the development said.

The deal size, given the market cap of Metropolis and its operations across the country, could be at least $1 billion (7,765 crores), they added.

Last month, Mint reported that Adani Group is planning a massive foray into the healthcare sector and may acquire large hospitals, diagnostic chains, and both offline and digital pharmacies. The group is said to have earmarked as much as $4 billion for the business to gain a foothold in the healthcare space and is talking to investors and lenders to devise a long-term funding plan.

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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