MoneyWorks4Me

Malaysian sovereign fund sells 6% stake in Apollo Hospitals Enterprises

06 Mar 2017 Evaluate

Integrated (Mauritius) Healthcare Holdings, an arm of Malaysian sovereign fund Khazanah Nasional Bhd, has sold a little over 6% stake in Apollo Hospitals Enterprises, through an open market transaction. The shares were sold on an average price of Rs 1,267.46, valuing the transaction at Rs 1,069.63 crore.

Apollo Hospitals Enterprise owns and operates chain of multi-specialty hospitals. It offers the services in the area of cardiology, cardiothoracic, orthopedics and joint replacement, spine surgery, oncology, medical and surgical gastroenterology, neurology, neurosurgery, nephrology, urology, cyberknife robotic radio, birmingham hip replacement, cosmetic, bariatric, liver and bone marrow transplants.

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