Business Standard

Monday, February 03, 2025 | 09:35 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Apollo Hospitals shares fall; Khazanah arm selling stake

Image

Reuters MUMBAI

MUMBAI (Reuters) - India's Apollo Hospitals Enterprise Ltd shares fell as much as 2.7 percent on Thursday as an arm of Malaysian sovereign fund Khazanah was looking to exit the healthcare provider by selling its remaining 4.78 percent stake.

Integrated (Mauritius) Healthcare Holdings Ltd, an arm of the Malaysian fund, was looking to sell up to 6.7 million shares in Apollo Hospitals at a price range of 1,245 rupees to 1,260 rupees apiece, below its 1,280.20 closing price on Wednesday, according to a deal term sheet.

Stock exchange data as of 0401 GMT showed more than 6.6 million shares in the hospitals operator changed hands in a string of block deals.

 

Deutsche Bank was the bookrunner for the stake sale.

In March, the Khazanah arm sold a 10.6 billion-rupee stake in Apollo Hospitals.

(Reporting by Manoj Rawal and S. Anuradha of IFR; Writing by Rafael Nam; Editing by Devidutta Tripathy)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 18 2017 | 9:45 AM IST

Explore News