Latest news with #ShobanaKamineni
Mint
01-07-2025
- Business
- Mint
Apollo Hospitals to list its pharmacy and digital health business in 18-21 months
Apollo Hospitals Enterprise Limited (AHEL) late on Monday announced plans to list its omnichannel pharmacy and digital health business in the next 18-21 months as part of a strategic reorganization. The company's board of directors has approved the demerger of its omnichannel pharma and digital health business, Apollo HealthCo, into a new entity—NewCo—through a composite scheme of arrangement. Following the demerger, Keimed, the wholesale pharmaceutical distributor that Apollo acquired last year, will be amalgamated with NewCo. Apollo Hospitals shareholders will have direct shareholding in the combined entity. For every 100 shares of AHEL, shareholders will receive 195.2 shares of the new entity, the company said. The proposed transaction will result in the creation of the largest, integrated omnichannel healthcare ecosystem with a FY25 revenue of ₹ 16,300 crore ($1.9 billion) in FY25, the company said. The new business, comprising Apollo 24/7, the digital health platform, the offline pharma distribution business, Keimed, and telehealth services, is expected to achieve a revenue run rate of ₹ 25,000 crores ($2.9 billion) by FY27. In an interview with Mint last week, Shobana Kamineni, executive chairperson of Apollo HealthCo, said that the entity is expected to hit a ₹ 30,000 crore valuation in the next five to six years, as it grows exponentially. The listing is expected within 18 to 21 months. NewCo will become an Indian owned and controlled company (IOCC) once the scheme is put into effect. NewCo plans to consolidate the front-end pharmacy business by acquiring the remaining 74.5% stake in Apollo Medicals Pvt. Ltd (AMPL), which owns 100% of Apollo HealthCo. This will enable the NewCo to participate fully in the business economics of retail pharmacies, the company said. AHEL will retain 15% stake in NewCo and will have one nominee director on the Board of NewCo.
Time of India
30-06-2025
- Business
- Time of India
Apollo Hospitals approves major restructuring plans; to list digital health, pharmacy arms
Apollo Hospitals Enterprise Limited's ( AHEL ) board on Monday announced a sweeping corporate overhaul, approving a composite scheme of arrangement involving its subsidiaries Apollo Healthco Limited (AHL) and Keimed Private Limited, alongside its wholly owned subsidiary Apollo Healthtech Limited. Under the restructuring exercise, the company will first demerge its 'Identified Business Undertaking' into Apollo Healthtech. Subsequently, both AHL and Keimed Private Limited will be merged into Apollo Healthtech, consolidating critical operations under one roof. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My baby is in so much pain, please help us? Donate For Health Donate Now Undo Through this move, AHEL aims to unlock value through strategic reorganisation, enabling direct listing of its Omni Channel Pharmacy and Digital Health business, a company filing to the exchanges said. "Composite Scheme creates a formidable Omni Channel Pharmacy Distribution and Digital Health platform leader in India, with scale of Rs 16,300 crores (US$1.9bn) of revenue in FY25, with stated plans to achieve Rs 25,000 crores revenue by FY27, with 7% EBITDA margin," the company filing added. Following this transaction, Apollo Healthtech Limited will seek listing of its equity shares on the NSE and BSE, paving the way for investors to participate directly in the reorganised entity. Live Events Additionally, Apollo disclosed an agreement signed on June 30, 2025, between Rasmeli Limited, an existing shareholder of AHL, and AHL promoter Shobana Kamineni. Rasmeli agreed to share a portion of its investment upside with the promoter and key employees, aligning interests and rewarding performance. AHEL shareholders to have direct shareholding in a combined entity. For every 100 shares of AHEL, AHEL shareholders will receive 195.2 shares of the new entity. Listing of the entity is expected in 18-21 months, the company filing said. Commenting on the development, Suneeta Reddy, Managing Director, Apollo Hospitals Enterprise, said, "This comprehensive integrated network, overlaid with a strong digital layer, will allow us to create an impact of magnitude greater than could be achieved with a single format of care. This proposal enables AHEL shareholders to gain direct shareholding in India's largest Omni-Channel Pharmacy and Digital Health Platform, enabling full value discovery and eliminating any hold co discount in valuation. Meanwhile, AHEL will continue its focus on healthcare delivery, she added.
Economic Times
30-06-2025
- Business
- Economic Times
Apollo Hospitals approves major restructuring plans; to list digital health, pharmacy arms
Apollo Hospitals Enterprise Limited's (AHEL) board on Monday announced a sweeping corporate overhaul, approving a composite scheme of arrangement involving its subsidiaries Apollo Healthco Limited (AHL) and Keimed Private Limited, alongside its wholly owned subsidiary Apollo Healthtech Limited. ADVERTISEMENT Under the restructuring exercise, the company will first demerge its 'Identified Business Undertaking' into Apollo Healthtech. Subsequently, both AHL and Keimed Private Limited will be merged into Apollo Healthtech, consolidating critical operations under one roof. Through this move, AHEL aims to unlock value through strategic reorganisation, enabling direct listing of its Omni Channel Pharmacy and Digital Health business, a company filing to the exchanges said. "Composite Scheme creates a formidable Omni Channel Pharmacy Distribution and Digital Health platform leader in India, with scale of Rs 16,300 crores (US$1.9bn) of revenue in FY25, with stated plans to achieve Rs 25,000 crores revenue by FY27, with 7% EBITDA margin," the company filing this transaction, Apollo Healthtech Limited will seek listing of its equity shares on the NSE and BSE, paving the way for investors to participate directly in the reorganised Apollo disclosed an agreement signed on June 30, 2025, between Rasmeli Limited, an existing shareholder of AHL, and AHL promoter Shobana Kamineni. Rasmeli agreed to share a portion of its investment upside with the promoter and key employees, aligning interests and rewarding performance. ADVERTISEMENT AHEL shareholders to have direct shareholding in a combined entity. For every 100 shares of AHEL, AHEL shareholders will receive 195.2 shares of the new entity. Listing of the entity is expected in 18-21 months, the company filing on the development, Suneeta Reddy, Managing Director, Apollo Hospitals Enterprise, said, "This comprehensive integrated network, overlaid with a strong digital layer, will allow us to create an impact of magnitude greater than could be achieved with a single format of care. This proposal enables AHEL shareholders to gain direct shareholding in India's largest Omni-Channel Pharmacy and Digital Health Platform, enabling full value discovery and eliminating any hold co discount in valuation. ADVERTISEMENT Meanwhile, AHEL will continue its focus on healthcare delivery, she added. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
15-05-2025
- Business
- Mint
SBI Card joins hands with Apollo to launch wellness focused credit card
SBI Card and Apollo HealthCo, which operates Apollo Pharmacy, have extended their strategic partnership to introduce a health and wellness focused co-branded credit card - Apollo SBI Card SELECT card. This one-of-its-kind premium credit card has been thoughtfully designed to address the evolving needs of today's health-conscious consumers, offering a compelling blend of healthcare savings and financial rewards. Customers can easily apply for this card digitally on the Apollo 24|7 app and opt to apply via SBI Card SPRINT, by visiting the SBI Card website SBI Customers can also apply for the card at select Apollo Pharmacy stores. The Apollo SBI Card SELECT cardholders are entitled to enjoy a rewarding shopping experience on transactions, including pharmacy products, health check-up packages, blood tests, and more through the Apollo 24|7 app and Apollo Pharmacy stores. Cardholders get 10 per cent back as reward points, and additionally up to 15 per cent back as health credits, giving them a total value back of up to 25%. Reward points can be converted into Health Credits, which are redeemable across the entire product range of Apollo 24|7 App and Apollo pharmacy stores. Apollo SBI Card SELECT card customers receive ₹ 1,500 e-gift voucher as welcome benefits, redeemable on the Apollo 24|7 app and at Apollo pharmacy stores. They are also entitled to Apollo Circle benefits that provide priority access to services and special discounts on doctor consultations, diagnostic tests and pharmacy orders on Apollo platforms. Additionally, Apollo SBI Card SELECT card customers also get a complimentary 1-year FITPASS PRO Membership, offering access to a wide network of gyms, fitness classes, and wellness programs, across India. Salila Pande, MD & CEO, SBI Card said, 'At SBI Card, we understand the evolving spending needs and aspirations of today's conscious consumers who are focused on good health and well-being. Our collaboration with Apollo HealthCo to introduce Apollo SBI Card SELECT card is firmly aligned with this need. By offering thoughtful healthcare benefits and valuable rewards, we aim to empower our customers to stay committed to their health and wellness goals, while enjoying varied financial benefits.' Shobana Kamineni, executive chairperson, Apollo HealthCo said, 'With the Apollo SBI Credit Card, we're introducing a revolutionary financial product designed to seamlessly connect health and wellness with everyday living. By turning everyday spending into health investments, we're making access to care seamless, intuitive, and affordable. It's our way of saying that healthcare should be earned, saved, and accessed just as easily as any other essential. This is the future of health—and we are proud to build it with SBI Card. Together, we will be the health keeper of the nation.' Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
