Announced Fri, 26 Jun · 11:51 IST
NCLT-convened meetings approve Apollo Hospitals composite scheme
APOLLOHOSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹8585.00
prior close
₹8700.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.6-0.7+0.1+1.6+0.4+1.7+3.1+3.4+1.9+4.0———
Up moveDown movePending
AI summary
Equity shareholders approved the composite scheme with 90.44% in favor and 9.56% against. Secured creditors voted 100% in favor, representing about Rs 367.6 crore of debt. The scheme demerges Apollo Hospitals' identified business undertaking into Apollo Healthtech (to be renamed Apollo Healthco) and merges Apollo Healthco and Keimed Private into it. Still awaits NCLT final sanction and other regulatory approvals.
Likely market impact
Key milestone cleared, awaiting NCLT final approval. Once effective, eligible shareholders will receive shares in the new Resultant Company per the demerger entitlement ratio.