 "Apollo Hospitals shares declined by 5% after IHH sells 6% stake")
Share price of Apollo Hospitals declined by over five per cent on Friday after a report said that Malaysia-based sovereign fund Khazanah's arm Integrated Healthcare Holdings (IIH) sold six per cent stake in the company. IHH already have invested into hospital sector in India other than the stake in Apollo Hospitals.
The stock price has come down almost 5.31 per cent to Rs 1,246 following the stake sales for $160 million in Apollo hospital.
IHH held around 10.85 per cent equity share in Apollo Hospitals Enterprise Ltd (AHEL), till the end of December 2016. A potential exit from AHEL may
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