Apollo Hospitals Enterprise today said an arm of Malaysian sovereign fund Khazanah has bought 8.82% shares of the company for Rs 528 crore in an off market sale.
The transaction was carried out between Khazanah's arms Integrated Healthcare Holdings (IHHL) and Bisikan Bayu Investments (Mauritius).
As per the off-market deal, IHHL has bought 11 crore shares of Apollo Hospitals from Bisikan Bayu Investments (Mauritius), Apollo Hospitals said in a filing to the Bombay Stock Exchange (BSE).
Bisikan Bayu, which held earlier held 12.10% stake, will have only 3.28% of equity capital of Apollo after the deal, it added.
Shares of Apollo Hospitals today closed at Rs 479.20 on the BSE, down 1.61% from its previous close.
