Keimed merges with Apollo Health Co; Combined enterprise value is Rs 22,481 crore

​In a statement here on Friday, AHL said it has entered into a binding agreement to raise equity capital of Rs 2,475 crore from global private equity investor, Advent International. It will invest in compulsory convertible instruments over two tranches to secure 12.1% stake in the merged entity, by valuing the combined entity at an enterprise value of Rs 22,481 crore.

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