as per annexure enclosed
Awaiting price reaction for this filing.
Apollo Hospitals filed a corrigendum fixing inadvertent typos in its earlier hospital expansion announcement from May 30, 2025, mainly to the cost figures in Annexure B and the press release. The corrected plan involves adding over 4,300 capacity beds (around 3,500 census/operational beds) over the next 3-4 years. Key projects include a 500-bed greenfield hospital in Sarjapur, Bengaluru (Rs 944 cr) plus a 200-bed hospital acquisition nearby (Rs 285 cr), a 600-bed greenfield in OMR Chennai (Rs 945 cr), a 575-bed greenfield in Worli Mumbai (Rs 1,315 cr), and a 510-bed asset acquisition in Gurgaon (Rs 1,190 cr). Total estimated project cost is over Rs 7,600 crores, of which Rs 2,000+ crores have already been spent and Rs 5,500 crores remains to be invested over the next 3-4 years, funded primarily through reserves and internal accruals. FY2025 occupancy stood at 68% overall and 71% in metros.
This corrigendum confirms a major capital expenditure cycle of over Rs 7,600 crores for Apollo Hospitals, though the self-funded nature (internal accruals/reserves) limits immediate leverage risk. The 3-4 year gestation period may weigh on near-term returns, but the expansion strengthens the long-term growth pipeline and Bengaluru market position to ~1,500 beds post-expansion.