Apollo Hospitals down on "Malaysian" fever!

With a 53 times surge in volumes, Apollo Hospitals is the top loser on the BSE.

The stock price is showing signs of distress following a stake sale by Malaysian sovereign fund – Khazanah Berhad’s subsidiary, Integrated (Mauritius) Healthcare Holdings.

It has reportedly sold over 6% stake or 8.4 million shares of the company through block deals.

Till end of last week, it held a 10.85% stake in the company.

Deutsche Bank is the sole book runner for the deal.

The stock price is currently down over 4.5% at Rs.1256, with an intra day high and low of Rs.1288 and Rs.1246 respectively.