Apollo Hospitals promoters look for partner to release pledged shares

The primary aim is to bring down our pledge over next one year, Suneeta Reddy, managing director of Apollo Hospitals Group said

The promoter family of Apollo Hospitals Enterprise Ltd (AHEL) is searching for a strategic partner in their education business, so that they can reduce their pledged shares in the listed company.

Pledged shares comprise 75 per cent of the family's total shareholding of 34 per cent after the promoters restructured their holding to keep Apollo Munich Health Insurance solvent.

The promoters will also look at bringing in investor for PCR Investments Ltd (PCRIL), a promoter company, if it gets good strategic investor. 

Suneeta Reddy, managing director of Apollo Hospitals Group, told Business Standard that the plan is to reduce the pledged