Apax sells stake in India's Apollo Hospital for $90 mn: source
Reuters: Mumbai, Feb 28 2013, 10:48 IST
British private equity firm Apax Partners LLP raised $90.2 million after selling a 4.2 percent stake in India's Apollo Hospitals Enterprise Ltd through blocks of shares, a source with knowledge of the sale told Reuters on Thursday.
The sale comes after Apax had sold a 4.8 percent stake in Apollo earlier this month, raising about $97 million..
Apax still retains a stake of under 1 percent in Apollo.
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