Apollo Hospitals today said it had closed the share sale to the qualified institutional buyers, which it had recently started to raise Rs 330 crore for expansion purposes.

In a filing to the Bombay Stock Exchange (BSE), Apollo Hospitals said the company fixed the price of the issue at Rs 495 per equity share.

Also Read   Related Stories News Now - Apollo to dilute 5% equity, QIP opens - Apollo plans Rs 270 crore expansion - Apollo Hospitals takes QIP route to raise Rs 330 cr - Apollo launches day surgery centre in Chennai - Apollo to add 725 beds in Tier-2 cities - Bajaj Finance may launch Rs 360 cr QIP in Sept qtr

Also Read   Related Stories News Now - Markets end flat - SAIL to add 5 mn tonne capacity in FY13 - NHPC FY12 net up 28% at Rs 2,772 cr - Aarti Industries Q4 up nearly 27% at Rs 28.24 crore - BPCL posts four-fold jump in Q4 net at Rs 3,963 cr More

Nomura Financial Advisory & Securities (India), Enam Securities and Citibank are the managers to the share sale.

"The Rs 330 crore to be raised through the QIP issue would be used to part-fund a Rs 1,100 crore investment to add another 2,400 beds by March, 2014," Apollo Hospitals Chief Financial Officer Akhileswaran Krishnan had told PTI earlier.

"The rest of the capital would be raised through debt and internal accruals," he had added.

Apollo Hospitals operates over 8,500 beds across 54 hospitals in the country.

Shares of Apollo Hospitals today closed at Rs 495, down 0.65% from its previous close.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - SAIL to add 5 mn tonne capacity in FY13 - NHPC FY12 net up 28% at Rs 2,772 cr - Aarti Industries Q4 up nearly 27% at Rs 28.24 crore - BPCL posts four-fold jump in Q4 net at Rs 3,963 cr

Tags : Apollo Hospitals | QIP | expansion plans | fund raising   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More