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IFC converts remaining FCCBs of Apollo Hospitals

By Madhav A Chanchani

  • 07 Jun 2012
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IFC converts remaining FCCBs of Apollo Hospitals

International Finance Corporation (IFC) is converting its remaining FCCBs of Apollo Hospital Enterprises Ltd (India’s largest hospital company by market value) for a little over 1 per cent stake. The World Bank arm will book a profit of over two times on its three-year-old investment besides getting more shares due to the ......

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