KKR, a leading global investment firm, has acquired a controlling stake in Indian Cancer Care Hospital from CVC Capital Partners for Rs 3,466 crore, strengthening its presence in the healthcare sector.

FIIs increased their stake from 4.87 per cent to 12.36 per cent.

Apollo Hospitals Enterprise Ltd, one of India's leading healthcare providers, is gearing up for a massive expansion drive with a capex plan of Rs 3,435 crore to add 2,285 beds over the next 3-4 years. This ambitious move is a bullish bet on the future of Indian healthcare, which is poised to grow rapidly in the coming years.

The stock has a PE multiple of 8.98, while the sectoral PE multiple is 32.8, the ROE is 44.60 per cent and the ROCE is 45.74 per cent.

The only sector which was least affected today was the BSE Healthcare Index, which plunged 1.18 per cent to Rs 23,493.96, despite a sharp decline in the domestic market.

Today, the stock opened at Rs 76.65 and touched a high and low of Rs 80.85 and Rs 76.65.

Shares of the company surged more than 5 per cent today.