Apollo Hospitals Enterprise Ltd.
2.50 (0.04%) Apax sells its entire stake in Apollo Hospitals
Date: 13-03-2012US-based private equity firm Apax Partners has sold its entire 12.67 percent stake in the leading hospitals and pharmacy chain operator Apollo Hospitals Enterprise for Rs 1,034 crore.
Apax sold the stake, held through two of its funds - Apax Mauritius FII and Apax Mauritius FDI One, through bulk deals at the stock exchanges. The shares were sold for Rs 606.60 a piece. Foreign fund HSTN Acquisition purchased 17,042,126 shares of Apollo Hospitals Enterprise for Rs 1,033.77 crore.
Apollo Hospitals, is the leading private sector healthcare provider in Asia and owns and manages a network of speciality hospitals and clinics, a chain of Pharmacy retail outlets across the country, and provides Consultancy Services for commissioning and managing the Speciality Hospitals.