US-based private equity firm Apax Partners today exited its holding in the leading hospitals and pharmacy chain operator Apollo Hospitals Enterprise with the sale of its entire 12.67% stake for Rs 1,034 crore.
Apax sold the stake, held through two of its funds - Apax Mauritius FII Ltd and Apax Mauritius FDI One Ltd, through bulk deals at the stock exchanges.
Foreign fund HSTN Acquisition purchased 17,042,126 shares of Apollo Hospitals Enterprise for Rs 1,033.77 crore.
The shares were sold for Rs 606.60 a piece.
Shares of Apollo Hospitals Enterprise rose by 0.31% to close at Rs 607.70 a piece on the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app