Apollo Hospitals shares drop 11% post block deals
Shares in Apollo Hospitals Enterprise fell as much as 11.4% in opening trade a day after a source said brokerage CLSA is selling its stake for USD 135 million.
November 29, 2012 / 11:29 IST
Shares in Apollo Hospitals Enterprise fell as much as 11.4% in opening trade a day after a source said brokerage CLSA is selling its stake for USD 135 million.
Several block deals were struck in Apollo Hospitals' shares in the range of Rs 821.75-836 on the BSE and NSE, according to Reuters data. As per latest shareholding pattern, promoters hold 34.35% stake in the company while FIIs hold 35.47% stake. Apax Partners Europe is largest shareholder among FIIs with 9.67% stake followed by Integrated Mauritius Healthcare Holdings - 7.91% stake. Click here for Shareholding patternShares of Apollo Hospitals have rallied close to 100% in last one year. The stock is trading at life time high and one can infer that it may be a good time to cash out for the brokerage house. Apollo Hospitals Group is an integrated healthcare organization with owned and managed hospitals, diagnostic clinics, dispensing pharmacies and consultancy services. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
