IHH exits Apollo Hospitals, sells shares worth around Rs 830 cr

IHH is consolidating its India platform by rebranding Global Hospitals

Integrated (Mauritius) Healthcare Holdings Limited (IHH) has exited from Apollo Hospitals by selling shares worth over Rs 830 crore. IHH, an arm of Malaysian sovereign fund Khazanah Nasional Bhd, is consolidating its Indian platform.

According to market sources, the number of shares offered was 6,654,712 (4.78 per cent of the company) and the approximate price was Rs 1,246.10 per share.
 

Analysts said that this would benefit Apollo because the stock overhang would not be there.

In March, IHH sold six per cent of its shareholding in Apollo Hospitals for $160 million. Till the end of December 2016, IHH held around