Apax sells 12.67% stake in Apollo Hospitals for Rs 1,034 cr

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.