Apax sells 6.38 million Apollo Hospitals shares for Rs.530 crore

Oppenheimer Funds buys shares via open market route at average price of Rs.830; deal valued at Rs.529.99 crore
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First Published: Mon, Feb 11 2013. 10 39 PM IST
A file photo of Indraprastha Apollo hospital in New Delhi. Photo: Hindustan Times
A file photo of Indraprastha Apollo hospital in New Delhi. Photo: Hindustan Times
Mumbai: Private equity firm Apax Partners on Monday offloaded 6.38 million shares of Apollo Hospitals Enterprise Ltd for about Rs.530 crore. The shares were bought by Oppenheimer Funds Inc through open market route.
As per information available with the stock exchanges, Apax Partners Europe Managers Ltd sold 6.38 million shares of the healthcare services provider. The shares were sold on average price of Rs.830 valuing the deal at Rs529.99 crore.
As of December quarter, Apax Partners Europe Managers Ltd held 1.34 crore shares or 9.67% stake in Apollo Hospitals Enterprise.
Shares of Apollo Hospitals slipped 0.24% to settle at Rs836.30 apiece on the BSE.
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First Published: Mon, Feb 11 2013. 10 39 PM IST
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