Saturday, 19 March 2016

“BUY APOLLOHOSP ABOVE 1400 TGT 1420/1450 SL 1365”


“BUY APOLLOHOSP ABOVE 1400 TGT 1420/1450 SL 1365”

RESISTANCE
1415
1430
1450
SUPPORT
1380
1360
1355
Apollo Hospitals Enterprise Ltd incorporated in the year 1979 is a Large Cap company having a market cap of Rs 19415.61 Cr.  operating in Pharmaceuticals and health care sector. Apollo Hospitals Enterprise Ltd (Apollo) is India’s No. 1 healthcare servicesProvider. Owing to strong brand recognition and superior services. To benefit from robust growth in the domestic healthcare industry. Apollo Hospitals Enterprise announced that it has completed the acquisition of a 51% majority stake in Assam Hospitals, Guwahati. The acquisition of 51% controlling stake is in the form of a primary issuance of shares for a cash consideration of Rs 57.25 croreCMI said that its board of directors will meet on 19 March 2016, to consider issue of equity shares/warrants/convertible securities on preferential basis to promoter group, associates and non promoters and to decide the relevant date for the purpose of preferential issue. The board would also consider the allotment 7 lakh equity shares in lieu of 7 lakh convertible warrants. Further, the board would discuss current business developments and future plans Apollo Hospitals Enterprise Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 15, 2016, have declared an Interim Dividend of Rs. 6/- (Rupees Six only) per share of face value of Rs. 5/- each, (120%) on the paid up equity capital of the Company for the financial year 2015-2016. The Interim Dividend will be paid on or before March 31, 2016.

 

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