Apollo Hospitals Enterprise Limited completed the acquisition of remaining 50% stake in Apollo Gleneagles Pet Ct Pvt Ltd from Parkway Holdings Limited.
Apollo Hospitals Enterprise Limited (NSEI:APOLLOHOSP) agreed to acquire remaining 50% stake in Apollo Gleneagles Pet Ct Pvt Ltd from Parkway Holdings Limited for INR 85 million on August 12, 2025. Upon completion, Apollo Hospitals Enterprise Limited will own 100% stake in Apollo Gleneagles Pet Ct Pvt Ltd.
For the period ending March 31, 2025, Apollo Gleneagles Pet Ct Pvt Ltd reported total revenue of INR 202 million.
The transaction is subject to completion of customary closing formalities and approval of offer by acquirer board. The acquirer board has approved the transaction. The expected completion of the transaction is by end of August 2025.
Apollo Hospitals Enterprise Limited (NSEI:APOLLOHOSP) completed the acquisition of remaining 50% stake in Apollo Gleneagles Pet Ct Pvt Ltd from Parkway Holdings Limited on October 3, 2025. Siddharth Mody and Rohan Kumar of J. Sagar Associates acted as legal advisors for Parkway Holdings Limited.
Apollo Hospitals Enterprise Limited specializes in healthcare services. Net sales break down by activity as follows:
- hospital and outpatient surgical care services (54.6%): exploitation of a network of 71 hospitals (9,911 beds) at the end of March 2022;
- distribution of pharmaceutical and wellness products (36.5%): exploitation of a network of 4,529 pharmacies in India;
- healthcare and diagnostic services (8.9%): exploitation of 254 primary care clinics, 1,228 diagnostic centers, 90 dialysis centers, 95 dental clinics, 29 diabetes management clinics, 15 obstetric and pediatric clinics and 11 specialized care centers.
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Apollo Hospitals Enterprise Limited completed the acquisition of remaining 50% stake in Apollo Gleneagles Pet Ct Pvt Ltd from Parkway Holdings Limited.