Apollo Hospitals Enterprise Ltd has informed the Exchange that "We have received a Show Cause notice from Directorate of Enforcement, wherein we have been asked to explain the end uses of GDR issue made by the Company during the year 2005. We have received the notice on 20th May 2009 and have 30 days time to reply. We have used the proceeds for expansion of our hospital projects including investments in Bangalore & Kakinada primarily and are going into the merits of the case and will be acting as per legal advice. As far as our understanding goes, we are not in contravention of any provision of law and we feel that the issue may have been a subject matter of interpretation, which we will be addressing in due course".
| NIFTY 
