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Malaysian sovereign fund sells 4.78% in Apollo Hospitals

Press Trust of India  |  New Delhi 

Integrated (Mauritius) Healthcare Holdings, an arm of Malaysian sovereign fund Khazanah Nasional Bhd, today sold its entire 4.78 per cent stake in Enterprise for over Rs 829 crore through open market transactions.

Pursuant to stake sale, plunged by 2.66 per cent to close at Rs 1,246.20 on Intra-day, the stock had touched a low of Rs 1,246.10 and a high of Rs 1,271.45.

According to bulk deal data available with the (NSE), the fund has sold a total of 66,54,712 shares, amounting to 4.78 per cent stake, of

The were offloaded on an average price of Rs 1,246.32, valuing the at Rs 829.38 crore, data showed.

Meanwhile, DB International purchased over 13.45 lakh of the healthcare company, while Mutual Fund bought 19.52 lakh scrips of Apollo Hospitals.

At the end of March quarter, Integrated (Mauritius) Healthcare Holdings held 66,54,712 shares, or 4.78 per cent stake, in Apollo Hospitals.

Earlier on March 3, the fund had offloaded a little over 6 per cent stake in Apollo Hospitals for about Rs 1,070 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 21:22 IST