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Apollo stake sale seen to consolidate IHH Healthcare's India investments

Asia's largest hospital operator may soon sell entire interest, says analyst

KUALA LUMPUR (NewsRise) -- IHH Healthcare, Asia's largest hospital operator by market value, sold a 6.07% stake in Apollo Hospitals Enterprise in a $160.29 million deal that analysts say will consolidate its investments in India.

The stake sale aligns with IHH Healthcare's effort to shift focus from Apollo Hospitals, in which it remains a silent partner with no board representation, to its other Indian assets, analysts said.

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