Published On:March 10 2014
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Apollo Hospitals postpones plans to list in Singapore.
Healthcare major Apollo Hospitals has postponed its plans to list a business trust on the Singapore Stock Exchange, in anticipation of improving its rating with the completion of some of its ongoing projects.
Speaking to reporters on the sidelines of Women Managers' Convention 2014, organised by the Madras Management Association (MMA), Preetha Reddy, managing director - Apollo Hospitals Enterprise Limited (AHEL), said, 'We have postponed our plans for listing on the Singapore Stock Exchange. We were actually expecting to do it by end of this year.'
She said there are so many projects under implementation in the company and an improved rating would be beneficial for the company, while listing at a later stage. However, the hospital chain has not finalised when it would be listing on the Singapore Exchange.