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Apollo to Buy IFC’s 31% in AHLL for ₹1,254 Crore, Approves ₹573-Crore Gurugram Cancer Centre With Proton Therapy

The move consolidates control of Apollo’s retail health arm to sharpen capital allocation, with the Gurugram oncology buildout planned in phases over roughly four years.

Overview

  • Apollo Health and Lifestyle Ltd. will be 99.42% owned by Apollo Hospitals after completion, with the balance in the ESOP pool.
  • The share purchase is targeted to close by end-November 2025, pending regulatory approvals including from the Competition Commission of India and other closing formalities.
  • The board cleared a two-phase, 100-bed comprehensive oncology centre in Gurugram with a total outlay of ₹573 crore as part of the hospital’s Phase 2 expansion.
  • The facility will include a Proteus One proton beam therapy system and is expected to add treatment capacity for about 350 patients annually.
  • Phase 1 of the Gurugram hospital is slated to commission by end-Q4 FY25 or Q1 FY26, and Apollo is targeting an oncology business of over ₹5,000 crore within 3–4 years, with shares little changed and most analysts positive.