Apollo Hospitals down on "Malaysian" fever!
By Ruma Dubey
about 8 years ago
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.