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IFC planning to invest Rs. 460 crore in Apollo Health

IFC planning to invest Rs. 460 crore in Apollo Health

The proposed investment is part of the overall capital of US$135 million (Rs.900 crore) raised by the unit.

World Bank's investment arm International Finance Corporation (IFC) is looking to invest US$68 million (about INR 460 crore) in Apollo Health & Lifestyle.

Apollo Health runs the Apollo Hospital's small format centres.

The proposed investment is part of the overall capital of US$135 million (INR 900 crore) raised by the unit.

"IFC is considering an equity investment of approximately US$68 million, including approximately US$34 million for its own account and approximately US$34 million for IFC's Asset Management Company," IFC said on its website.

IFC has earlier invested in Apollo Health's parent firm, Apollo Hospitals Enterprise.

Apollo Health & Lifestyle operates in the primary care space, and has 7 formats - Apollo Clinics, Apollo Sugar (diabetes), Apollo Diagnostics, Apollo White (dental care), Apollo Dialysis, Apollo Cradle (maternity) and Apollo Spectra Hospitals (day care surgery).

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