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Apollo Hospitals, a leading corporate healthcare services provider in India, has acquired minority stake in Imperial Hospital & Research Centre Limited, a multi-specialty hospital.
Luthra and Luthra advised Apollo Hospitals with a team led by Mumbai Partner Manan Lahoty along with Senior Associate Ravi Dubey.
Imperial Hospital was advised by its in-house team.
According to Dealcurry, Apollo hospitals had earlier invested Rs. 30 crore for 51 per cent stake in the Bangalore-based hospital-cum-research centre. Recently, Apollo hospitals bought 39 per cent in the hospital-cum-research centre for Rs. 90 crore to increase its total shareholding to 90 per cent.
Imperial Hospitals is currently a 280-bed-tertiary-care facility focusing on the number of specialties. Apollo hospital is planning to increase the bed count by 500 in the research centre.
Apollo hospitals owns partially/fully around 10 subsidiaries which includes Unique Health Care limited, AB Medical centres, Samudra Healthcare Enterprises Limited, Apollo Hospitals (UK), Pinakini Hospitals limited, Imperial Hospital and research Centre among others.