Our Bureau

Chennai, Oct. 10

A notification to the Bombay Stock Exchange by Apollo Hospitals Enterprise Ltd indicates that the corporate hospitals major is contemplating entry into health insurance.

The notification says that the company's board had authorised the Apollo's Chairman, Dr Pratap C. Reddy, to sign a joint venture agreement with Deutsche Krankenversicherung AG, a leading health insurance company in Germany and a part of the Munich Re group.

The agreement is to be signed on Wednesday, the notification says.

None of the company officials were available for comment.

(This article was published in the Business Line print edition dated October 11, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.