Apollo Hospitals Enterprise gains as its arm incorporates wholly owned subsidiary
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Apollo Hospitals Enterprise is currently trading at Rs. 6963.80, up by 34.70 points or 0.50% from its previous closing of Rs. 6929.10 on the BSE.
The scrip opened at Rs. 6944.90 and has touched a high and low of Rs. 6984.00 and Rs. 6929.10 respectively. So far 59 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6993.90 on 02-Sep-2024 and a 52 week low of Rs. 4727.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 6993.90 and Rs. 6802.05 respectively. The current market cap of the company is Rs. 99629.83 crore.
The promoters holding in the company stood at 29.33%, while Institutions and Non-Institutions held 65.29% and 5.38% respectively.
Apollo Hospitals Enterprise’s unlisted material wholly owned subsidiary---Apollo Healthco has incorporated its wholly owned subsidiary by the name Apollo 24/7 Insurance Services, on September 3, 2024. Consequent to the incorporation of Apollo 24/7 Insurance Services, it became a Wholly Owned Step-Down Subsidiary of the company.
Apollo 24/7 Insurance Services has been incorporated to act as corporate agents for Life Insurance, General Insurance and Health Insurance as defined under the Insurance Regulatory and Development Authority Act 1999; to act as agents, representatives, sub-insurance agents, consultants, advisors and collaborators, in all insurance businesses and activities related thereto; and to engage in all activities which are incidental and allied or related to insurance business through technology/online platform/ applications or otherwise and for this purpose to apply, approach, acquire, hold and procure such rights, titles, entitlements, licenses and permissions from Government, Semi-Government, local authorities, public bodies, undertaking and from such other authorities as may be necessary and expedient to carry out the aforesaid activities.
Apollo Hospitals Enterprise owns and operates chain of multi-specialty hospitals. It offers the services in the area of cardiology, cardiothoracic, orthopedics and joint replacement, spine surgery, oncology, etc.
