INDIA BUSINESS WORLD - FEBRUARY 16^th - FEBRUARY 29^th - 2008

APOLLO, BRITISH AMERICAN INVESTMENT IN HOSPITAL JV

Apollo Group of Hospitals and British American Investment (Mtius), a business conglomerate in Mauritius through its subsidiary company, has established a JV company—British American Hospitals Enterprise (BAHEL) to set up and manage a tertiary care hospital in Mauritius. The hospital, Apollo Bramwell Hospital, is being set up at a cost of $50 million with debt equity ratio of 1. 25: 1. Apollo Hospitals is investing 26% in the joint venture. Once the project is completed, Apollo Hospitals will be responsible for operations of the facility.