Apollo Hospitals promoter and Managing Director Suneeta Reddy is likely to sell 1.25 percent stake in the company worth Rs 1,395 crore via block deals, CNBC Awaaz reported citing people familiar with the matter.
Reddy will sell 18 lakh shares in the hospital chain at a floor price of Rs 7,747 per share, the channel reported. It further said that Morgan Stanley will likely broker the deal.
Moneycontrol couldn't independently verify the report.
Suneeta Reddy is a member of Apollo Hospitals' founding family, and began working with the chain in 1989. According to the latest data on the company's shareholding pattern, she holds 3.36 percent stake in the company as at the end of June 2025. After the reported stake sale, her holding in the company will likely reduce to 2.11 percent.
Apollo Hospitals Enterprise shares jumped nearly 1 percent to hit a fresh all time high of Rs 7,947 apiece during today's trading session. The stock then pared some gains to close at Rs 7,920 apiece. The reported floor price marks a discount of more than 2 percent from today's closing price.
The shares of the company have gained more than 9 percent in the past one month, and over 25 percent in the past six months. The stock is so far up over 7 percent in 2025. Its P/E ratio currently stands at over 71.
Earlier this month, Apollo Hospitals reported a 42 percent year-on-year surge in consolidated net profit to Rs 433 crore for the quarter ended June 30, 2025, driven by robust performance across its core healthcare services, diagnostics, and digital health businesses.
Revenue rose 15 percent year-on-year to Rs 5,842 crore, while EBITDA grew 26 percent to Rs 852 crore, reflecting margin expansion and operational efficiencies
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