Apollo Hospitals says Shobhana Kamineni to be appointed executive chair of new health tech spin-off

▤ Summary

Apollo Hospitals is setting up a new health-tech spin-off and plans to appoint Shobana Kamineni as its executive chair. The company says the restructuring will demerge, merge, and separately list its omnichannel retail pharmacy, pharmacy distribution, and digital health businesses. Apollo also says the governance structure will include a 12-member board with six independent directors and a lead independent director. The article emphasizes that the upside agreement is fully funded by investor Rasmeli and will not require cash outflow from Apollo Healthtech or its shareholders.

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