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Apollo Hospitals shares fall; Khazanah arm selling stake

Reuters  |  MUMBAI 

(Reuters) - India's Enterprise Ltd fell as much as 2.7 percent on Thursday as an arm of Malaysian sovereign fund Khazanah was looking to exit the healthcare provider by selling its remaining 4.78 percent stake.

Integrated (Mauritius) Healthcare Holdings Ltd, an arm of the Malaysian fund, was looking to sell up to 6.7 million in at a price range of 1,245 rupees to 1,260 rupees apiece, below its 1,280.20 closing price on Wednesday, according to a deal term sheet.

Stock exchange data as of 0401 GMT showed more than 6.6 million in the operator changed hands in a string of block deals.

Deutsche Bank was the bookrunner for the stake sale.

In March, the Khazanah arm sold a 10.6 billion-rupee stake in

(Reporting by Manoj Rawal and S. Anuradha of IFR; Writing by Rafael Nam; Editing by Devidutta Tripathy)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)