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Apollo Hospitals promoters pledge 18.18% stake

Apollo Hospitals promoters pledge 18.18% stake
PTI
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First Published: Tue, Feb 17 2009. 06 08 PM IST
Updated: Tue, Feb 17 2009. 06 08 PM IST
Mumbai: Healthcare services provider Apollo Hospitals Enterprise on Tuesday said six of its promoters have pledged over one crore shares, representing 18.18% stake in the company, with lenders.
In a disclosure to the Bombay Stock Exchange (BSE), Apollo Hospitals said its promoter PCR Investments has pledged 12.57% stake amounting to 75.70 lakh shares in the company.
Another promoter Sucharitha Reddy has pledged 13.50 lakh shares forming 2.24% stake in the hospital chain firm.
Four other promoters — Preetha Reddy, Suneeta Reddy, Shobana Kaminei and Sindoori Reddy — have pledged the remaining 3.37% stake in the company, it said.
Promoters have pledged shares to borrow funds, which were “utilised for enhancing their equity stake in the firm,” it added.
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First Published: Tue, Feb 17 2009. 06 08 PM IST