NCLT orders meetings for Apollo Hospitals composite scheme of arrangement

NCLT has allowed Apollo Hospitals' composite scheme of arrangement and directed convening of shareholder and creditor meetings. The scheme involves demerger of an identified business undertaking (digital health & pharmacy distribution) from Apollo Hospitals and its consolidation with Apollo Healthco and Keimed Private into a new entity, Apollo Healthtech. Meetings of Apollo Hospitals' equity shareholders, secured and unsecured creditors are scheduled for May 16, 2026. The scheme still needs shareholder/creditor approval and final NCLT sanction.