Apollo Hospitals aims to reduce promoter group pledged shares by 50%

The promoters of Apollo Hospitals Enterprise Ltd (AHEL) aim to being down their shareholding in the business by 50 per cent in four to five months.

The promoters have already released around 10 per cent of their pledge, reducing the share level to 68 per cent of their total shareholding, said Akhileswaran Krishnan, chief financial officer, AHEL.

"It (pedged shares) will come down by 50 per cent in next four to five months, to 36-40 per cent, through liquidation of one of their assets," said Akhileswaran Krishnan, chief financial officer, AHEL. 

AHEL's promoters had earlier pledged almost 74 per cent of their 34