RBI closes FEMA case against Apollo Hospitals after ₹17.76 cr compounding settlement
RBI has settled FEMA proceedings against Apollo Hospitals for ₹17.76 crore, resolving alleged breaches spanning ₹859.87 cr FDI in prohibited retail trading, ₹870.66 cr multi-brand retail cap violations, ₹70.02 cr FCCB issuance, and FII-PIS limit overruns. Each director paid ₹18 lakh.
What happened
RBI closed FEMA proceedings against Apollo Hospitals after a ₹17.76 crore compounding settlement covering alleged FDI breaches including foreign investment in
Key facts
- ₹17.76 crore settlement
- ₹859.87 crore FDI in retail trading
- ₹70.02 crore FCCBs
- ₹623.87 crore FII-PIS
- ₹870.66 crore multi-brand retail cap breach
- ₹18 lakh per director
Why this matters
With the FEMA file closed, Apollo regains clean optionality for fresh FDI rounds, FCCB issuance, and retail-pharmacy structuring without inheriting unresolved compounding exposure into future deal diligence.