{"id":607,"date":"2019-09-17T06:00:16","date_gmt":"2019-09-17T06:00:16","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/09\/17\/ahel-to-seek-shareholders-nod-to-hive-off-pharmacy-business\/"},"modified":"2019-09-17T06:00:16","modified_gmt":"2019-09-17T06:00:16","slug":"ahel-to-seek-shareholders-nod-to-hive-off-pharmacy-business","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/09\/17\/ahel-to-seek-shareholders-nod-to-hive-off-pharmacy-business\/","title":{"rendered":"AHEL to seek shareholders&#8217; nod to hive off pharmacy business"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1708166\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/09\/16-1-2.jpg\" alt=\"AHEL, pharmacy business, Apollo Hospitals Enterprise, National Company Law Tribunal, equity shareholders, Apollo Hospitals, pharmacy business\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/09\/16-1-2.jpg 660w, https:\/\/images.financialexpress.com\/2019\/09\/16-1-2-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/09\/16-1-2-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/09\/16-1-2-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1708166\" src=\"https:\/\/images.financialexpress.com\/2019\/09\/16-1-2.jpg\" alt=\"AHEL, pharmacy business, Apollo Hospitals Enterprise, National Company Law Tribunal, equity shareholders, Apollo Hospitals, pharmacy business\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/09\/16-1-2.jpg 660w, https:\/\/images.financialexpress.com\/2019\/09\/16-1-2-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/09\/16-1-2-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/09\/16-1-2-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Front-end pharmacy business means standalone stores, people and dispensing of products.<\/span><\/figure>\n<\/div>\n<p>Pursuant to the recent orders of the National Company Law Tribunal, Chennai, Apollo Hospitals Enterprise (AHEL) has called for an equity shareholders meeting here on October 21 for approving the scheme of arrangement between AHEL and Apollo Pharmacies (APL), the company has informed the stock exchanges on Monday. In November 2018, Apollo Hospitals had said, to capitalise on the huge growth opportunity and to give greater focus, it had decided to restructure its pharmacy business. Accordingly, the board had approved the segregation of the front-end retail pharmacy business carried out in the standalone pharmacy segment into a separate company called APL.<\/p>\n<p>Front-end pharmacy business means standalone stores, people and dispensing of products.<\/p>\n<p>As a back-end player, Apollo Hospitals will be the exclusive supplier for APL under a long-term supplier agreement and it will enter into a brand licensing agreement with APL to license the \u2018Apollo Pharmacy\u2019 brand to the front-end stores and online pharmacy operations to further augment and strengthen the brand with these arrangements being entered into in compliance with applicable law.<\/p>\n<p>The proposed reorganisation would not have a material impact on the financials of Apollo Hospitals as the backend business related to the standalone pharmacies, which represents 85% of the business economics, will continue to be held by AHEL.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-3511504467\"><div id=\"jobbi-2505537121\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] Front-end pharmacy business means standalone stores, people and dispensing of products. Pursuant to the recent orders of the National Company Law Tribunal, Chennai, Apollo Hospitals Enterprise (AHEL) has called for an equity shareholders meeting here on October 21 for approving the scheme of arrangement between AHEL and Apollo Pharmacies (APL), the company has informed [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=607"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/608"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}