Apollo Hospitals Enterprise Ltd.

Foreign brokerage CLSA will be selling off its entire 6.15% stake in Chennai-based Apollo Hospitals Enterprise, which works out to be 8.55 million shares, in a price range between Rs 824 and Rs 876.6 per share by way of block deal on November 30, 2012, as mentioned in few media reports. Based on the pricing, the share-sale could fetch anywhere between Rs 705 crore and Rs 750 crore to the foreign brokerage firm. Further, Citi is expected to act as the sole book running lead manager for the transactions.

Apollo Hospitals Enterprise, 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.