Apollo Hospitals strongest in healthcare set: Member NSE

Do you track Apollo Hospital at all? 487. Firstly the news you think it is a positive net-net because the pharmacy business has been a bit of a drag in the last 12 to 18 months?

Jagdish Malkani: Absolutely, and in fact it sort of unlocks the value I am not very sure about the subsidiary business as far as I know it should be some kind of unlocking. There has been much expected by the market and there are takers for that in the private equity world etc.

But more importantly Apollo is the pick of the lot as far as this whole medical outsourcing space is concerned and with Khazanah nosing around and this whole Parkway issue that has happened in Singapore I think even though it’s a bit expensive on the face of it Apollo is the best play there and it will always attract and you could always have some big news emanating some kind of merger PAN Asia merger etc. So this for sure is a winner in the long term.