2.50 (0.04%) Apollo Hospitals’ promoter Sucharita Reddy has reportedly sold 3.86 lakh shares to a promoter group entity -- PCR Investments -- for about Rs 25 crore. This was acquired through the open market.
Post acquisition, PCR Investments holds 2,00,75,124 shares in the company at 14.93 percent, up from 14.64 percent held earlier.
Recently, US-based private equity firm Apax Partners sold its entire 12.67 percent stake in the leading hospitals and pharmacy chain operator Apollo Hospitals Enterprise for Rs 1,034 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.