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Apollo Hospitals shares fall; Khazanah arm selling stake

Reuters  |  MUMBAI 

MUMBAI (Reuters) - India's Apollo Hospitals Enterprise Ltd shares 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 shares in Apollo Hospitals 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 shares in the ...

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First Published: Thu, May 18 2017. 09:45 IST
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