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Apollo Hospital Enterprises seeks approval for amalgamation of two subsidiaries

Apollo Hospitals Enterprises Limited has sought members’ approval through Postal Ballot for the amalgamation of two wholly-owned subsidiaries Western Hospitals Corporation Pvt Limited and Apollo Home Healthcare into the company .

The Board also accepted the resignation of T. Rajgopal, Independent Director with effect from April 1, 2021 and also placed on record its appreciation for the valuable contribution and support given by him during his tenure.

Since Dr. T. Rajgopal has decided to accept the position of Chief Operating Officer in Breach Candy Hospital, Mumbai, as a good corporate governance practice. He has intimated that he would be tendering his resignation from the position of Independent Director of the company with effect from April 1, 2021 to avoid a potential conflict of interest situation in the company.

At around 10.50 am, Apollo Hospitals Enterprise Ltd was trading at Rs2911.10 per piece up Rs62.00 or 2.18% on the BSE.
from its previous closing of Rs2,849.10 per piece on the BSE. India Infoline