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Mumbai: Apollo Hospitals Enterprises (AHEL), the country's largest listed healthcare chain, and its subsidiary Apollo HealthCo have decided to demerge their omnichannel pharma and digital health businesses (24x7 telehealth business) into a new entity that garners nearly $2 billion in annual revenues - already a record for India's fragmented drug-retailing industry. The business will be separately listed later. The composite scheme creates a formidable omnichannel pharmacy distribution and digit ...Read More >
New Delhi: With the completion of eight years, implementing the goods and services tax (GST) -- one of the country's biggest tax reforms, India has broken all the stereotypes by showcasing a perfect balance between Centre and state administrations and coming together to make decisions and resolve issues as well. Back on July 1, 2017, the GST was rolled out with a promise that the country will bring 'one nation, one tax' by merging various indirect taxes under one umbrella. As of today, it is pa ...Read More >
Chennai: Apollo Hospitals Enterprise, controlled by the Prathap Reddy family, has announced a significant reorganisation where its pharmacy distribution and digital health operations will be carved out into a separate entity. This new entity, Apollo Healthtech, will seek listing on stock exchanges over the next 18 to 21 months, with current Apollo Hospitals shareholders receiving proportionate shares in the new company. The deal will create a leading omni-channel pharmacy distribution and digita ...Read More >
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