US private equity fund Advent International Corporation is among investors in discussions to acquire a minority stake in Apollo 24/7, the digital healthcare platform of Apollo Hospitals Enterprise Limited (NSEI:APOLLOHOSP), said two people aware of the development. The buyer is likely to invest about INR 21.00 billion ($250 million), valuing the subsidiary at about INR 170.00 billion ($2 billion). Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals.

HealthCo also houses the pharmacy distribution business and a 25.5% interest in Apollo Pharmacy. It accounts for about 40% of Apollo Hospitals? revenue.

The promoters have been in discussions with various investors to dilute a minority stake in the pharmacy subsidiary for the last couple of years. Talks were previously held with Amazon, General Atlantic, Softbank and a few West Asian sovereign funds but didn?t result in a deal. Spokespersons for Apollo Hospitals and Advent declined to comment.