 "Munich Re sells 1.72% stake in Apollo Hospitals for Rs 383.64 crore")
Munich Re has sold shares worth Rs 380 crore in Apollo Hospitals.
According to BSE bulk deal data, Munchener Ruckversicherungsgesellschaft Aktiengesellschaft in Munchen (Munich Re) sold 2,397,380 shares or 1.72 per cent stake in Apollo Hospitals at an average price of Rs 1,600.43.
Total transaction value is about Rs 383.68 crore. Buyers details were not disclosed.
Currently, promoters hold 30.82 per cent. Among the public shareholders include LIC (4.63 per cent), Vanguard (1.16 per cent), HDFC Life Insurance (1.55 per cent), Veritas Fund (2.06 per cent) and Schroder International (2.82 per cent).
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%