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Apollo Hospitals eyes stake in Wockhardt Hosp-official

India's largest hospital chain, Apollo Hospitals Enterprise Ltd, is eyeing a stake in unlisted Wockhardt Hospitals Ltd, a senior company official said on Tuesday. Wockhardt Hospitals, promoted by the founders of drug maker Wockhardt Ltd, has been trying to raise money through an equity sale since its initial public offer was withdrawn last year on poor investor response. “Currently, we are just examining the books, and we are looking at the hospitals, their performance and complete valuation and diligence exercise,” Suneeta Reddy, Apollo's executive director-finance, told news channel NDTV Profit. […]

IndiGo Denies Reports on Stake Sale, Merger

IndiGo Airlines Pvt. Ltd., a low-fare Indian carrier, denied Monday reports it is in talks to sell a stake or merge with another domestic airline company. Indigo's statement came after local media reports the airline has been in talks with rival budget carrier SpiceJet Ltd. to form an alliance or sell a stake. “As a matter of company policy, we do not comment on market rumors,” IndiGo President Aditya Ghosh said in the statement. “However, on this occasion, we feel it is necessary to categorically state that there is absolutely no truth or basis to any of these rumors, market speculation or media reports.” […]