Khazanah fund picks up 9% in Apollo
Apollo Hospitals, in a regulatory filing on Thursday, said that Healthcare Holdings had bought 1.10 crore shares in the corporate wellness chain in an off-market deal. This roughly works out to be 8.82% of the outstanding paid-up equity share capital of the Apollo Hospitals Enterprises.
“The deal is unlikely to have any material impact on the ownership structure of Apollo since it is a transfer of shares from one Khazanah fund to another,” an analyst tracking the stock told FE. As of the quarter ending December 2010, the Singapore government-owned sovereign investment fund, through its investment arm Bisikan Bayu Investments, a Mauritius-based foreign institutional investor, registered with the Securities and Exchange Board of India (Sebi) was holding a tad over 12% stake in Apollo Hospitals, making it the second largest non-promoter stake holder the hospital chain. Apax Partners, through its two funds Apax Mauritius Fdi One and Apax Partners Europe, holds 13.66% stake in the
Be the first to comment.