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Apollo Hospitals to set up a multi speciality hospital

August 2, 2007

Apollo Hospitals Enterprise has announced that the company has been in negotiation with British American Investment (Mauritius) (BAI) for associating in a joint venture for setting up a multi speciality hospital on a state land provided by Government of Mauritius. The joint venture company, British American Hospitals Enterprise (BAHEL) has been formed and joint venture agreement between the company, BAI, BAI Medical Centres (BMCL), subsidiary of BAI. The said BAHEL has been entered into on 31 July 2007 in this regard. The company will be holding 26% of the total equity capital of joint venture company and the balance 74% will be held by BMCL.

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