Enterprise Ltd. saw its share price surge to an all-time high of Rs 7,584, a 4.72% jump, following the announcement of a strategic demerger plan. The stock later moderated, trading 2.45% higher at Rs 7,420.05 by 11:30 AM, marking its steepest single-day gain since November 7, 2023. In contrast, the Nifty 50 index rose only 0.22% during the same period. The rally was driven by the company’s plan to spin off its digital health and pharmacy businesses, including Apollo 24|7 and its telehealth unit, into a new entity expected to be listed within 18-21 months. Under the demerger scheme, shareholders will receive 195.2 shares of the new company for every 100 shares held in Apollo Hospitals, promising significant value creation.

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