Looking To Monetise Education, Retail Assets To Cut Debt: Suneeta Reddy, Apollo Hospital
  • WebDesk BTVI
  • Jul 19 2019

The Reddy family, that controls Apollo Hospitals Enterprise and owns about 34 per cent in the hospital chain, is looking to sell assets to reduce debt. Talking to BTVI, Suneeta Reddy, Managing Director of Apollo Hospital, said the company is looking to monetise education and retail assets, while keeping the core business intact. She said most of the proceeds from the 50.8 per cent stake sale in health insurance business to HDFC will go in reducing debt.