Apax sells 63.8 lakh Apollo Hospitals shares for Rs 530 crore
Apax Partners has sold about 63.85 lakh shares, or a 4.59% stake, in Apollo Hospitals to Oppenheimer Funds for about Rs 530 cr.
By Sanjay Vijayakumar, ET Bureau |
CHENNAI: US private equity firm Apax Partners has sold about 63.85 lakh shares, or a 4.59% stake, in Apollo Hospitals to Oppenheimer Funds for about Rs 530 crore in an open market transaction on Monday.
According to bulk deal data on the Bombay Stock Exchange, Apax Partners Europe Management Ltd-HSTN Acquisition (FII) Ltd sold the shares at Rs 830 apiece.
As of December 2012, Apax Partners owned 1.34 crore shares, or a 9.67% stake, in Apollo Hospitals and was the company's second-biggest public shareholder after Malaysian sovereign fund Khazanah which holds a 10.85% stake.
Apax invested in India's largest hospital chain in September 2007 by pumping in Rs 426.4 crore, or Rs 605.07 a share, through an preferential issue.
Last year, foreign brokerage firm CLSA (Mauritius) Ltd sold its entire 6.15% stake in the company for Rs 707 crore.
According to bulk deal data on the Bombay Stock Exchange, Apax Partners Europe Management Ltd-HSTN Acquisition (FII) Ltd sold the shares at Rs 830 apiece.
As of December 2012, Apax Partners owned 1.34 crore shares, or a 9.67% stake, in Apollo Hospitals and was the company's second-biggest public shareholder after Malaysian sovereign fund Khazanah which holds a 10.85% stake.
Apax invested in India's largest hospital chain in September 2007 by pumping in Rs 426.4 crore, or Rs 605.07 a share, through an preferential issue.
Last year, foreign brokerage firm CLSA (Mauritius) Ltd sold its entire 6.15% stake in the company for Rs 707 crore.
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