Apollo Hospitals: Additional details on Apollo Healthtech demerger scheme
APOLLOHOSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apollo Hospitals provided additional info on its composite scheme to transfer Apollo Healthco and Keimed into a new entity, Apollo Healthtech, which will be independently listed. Key points: 6 independent directors on the new board; Ms. Shobana Kamineni proposed as Executive Chairperson; Upside Agreement with Rasmeli is investor-funded with no cash outflow (max 9% for achieving 4x MOIC); board nomination rights waive if shareholding falls below 10%. NCLT-convened meeting to approve.
Seen as a value-unlocking move for independent listing of Apollo Healthtech. Upside Agreement imposes no financial burden on existing shareholders.