CLSA selling Apollo Hospital shares to raise up to $135 mn

Nov 28 2012, 16:31 IST
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CLSA selling Apollo hospital shares to raise up to $135mn. CLSA selling Apollo hospital shares to raise up to $135mn.
SummaryThe alternate investment arm of the Hong Kong-based brokerage firm, is selling its 6.15% stake in Apollo Hospitals Enterprises.

CLSA Capital Partners, the alternate investment arm of the Hong Kong-based brokerage firm, is selling its 6.15 percent stake in India's Apollo Hospitals Enterprises to raise up to $135 million, a source with direct knowledge of the matter said.

CLSA, which is Apollo's fourth largest shareholder, is selling 8.55 million shares in a price band of 824 rupees to 876 rupees a share, said the source, who declined to be named as he was not authorised to speak to the media.

Citigroup is the sole bookrunner to the deal, the source said.

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