This is quite interesting. Munich Re, the world’s largest reinsurance firm by revenues, is picking 0.2% stake in Apollo Energy for Rs 73.6 crore, valuing the
firm at a staggering $7.5 billion(Rs 36,835 crore)…Apollo Energy is a privately held holding firm of the power and health insurance businesses of Prathap Reddy-led Apollo Hospitals Group. With this transaction, Apollo Energy is now valued double than Tata Power and 50% more than Reliance Power, making it the most valued private Indian firm in the power business. But unlike Tata Power and Reliance Power, Apollo Energy also has interests in insurance business” Source
Wow, a 7.5 billion $ valuation for a company that is not so widely known as many of its peers who seem to have a much lower valuation!