Apollo Hospitals Enterprise Ltd (APLH.BO)
23 Jan 2015
** Nomura upgrades India's Apollo Hospitals Enterprises to "buy" from "neutral" and raises target to 1,298 rupees from 1,192 rupees
Reuters Market Eye - Apollo Hospitals Enterprise gains 1.9 percent, says will buy pharmacy chain Hetero Med Solutions for 1.46 billion rupees ($23.94 million).
* Apollo Hospitals Enterprise gains 1.9 percent. * Says will buy pharmacy chain Hetero Med Solutions for 1.46 billion rupees ($23.94 million) * Deal value cheaper than market speculation of 3 billion rupees, dealers say. * Acquisition achieves Apollo's guidance to increase pharmacies by around 300 in next two years. (1 US dollar = 60.9850 Indian rupees) (email@example.com / firstname.lastname@example.org)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Derek Francis in Bangalore)