Shobana Kamineni to chair Apollo Healthtech as omnichannel pharmacy spin-off readies listing
Apollo Hospitals confirmed Shobana Kamineni as Executive Chair of Apollo Healthtech, the demerged omnichannel pharmacy, distribution and digital health arm. The 12-member board will be half independent. A Rasmeli-funded Upside Agreement pays up to 9% on a 4x MOIC, pending NCLT approval.
Apollo Hospitals confirmed Shobana Kamineni will chair Apollo Healthtech, the spun-off omnichannel retail pharmacy, pharmacy distribution and digital health business. Board will have 12 directors, half independent. Rasmeli-funded Upside Agreement pays up to 9% on 4x MOIC.
Why this matters
The appointment formalizes leadership for Apollo's pharmacy and digital health demerger, setting governance ahead of a planned listing and aligning incentives via the Rasmeli Upside Agreement.
Leadership signals steady at 247 in the last 90 days.