Mumbai: Apollo Hospitals Enterprise on Wednesday soared nearly 7% in the early trade, its highest so far on the BSE, amid a media report that the company would raise capital by mid next year through debt route.
Shares of the health major zoomed by 6.97% to touch Rs 555.35 on the Bombay Stock Exchange in the morning trade.
In a similar fashion, the scrip was trading at Rs 549.60, higher by 5.84% on the National Stock Exchange.
Besides, the BSE index Sensex was trading 240.23 points higher at 20,443.57.
According to a media report, Apollo Hospitals would consider raising capital by mid-2011 via debt. Besides, the healthcare company would mull all kinds of mutually beneficial relationships with the Malaysian sovereign wealth fund Khazanah, the report added.
Earlier reports have suggested that Apollo Hospital was in talks with Khazanah to explore possible partnerships in India and the Asean region. Khazanah already owns 12% in the healthcare major.