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Tuesday, March 22, 2011

Apollo Hospitals surge on Khazanah acquiring 8.82% stake in it


Apollo Hospitals Enterprise is currently trading at Rs. 490.60, up by 6.10 points or 1.26% from its previous closing of Rs. 484.55 on the BSE.
The scrip opened at Rs. 490.00 and has touched a high and low of Rs. 502.00 and Rs. 488.10 respectively. So far 22,950 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 599.00 on 13-Oct-2010 and a 52 week low of Rs. 327.75 on 21-May-2010.
Last one week high and low of the scrip stood at Rs. 502.00 and Rs. 470.05 respectively. The current market cap of the company is Rs. 6131.40 crore.
The promoters holding in the company stood at 33.24% while Institutions and Non-Institutions held 27.47% and 32.00% respectively.
Khazanah Nasional Bhd’s arm - Integrated (Mauritius) Healthcare Holdings - has acquired 11,000,000 shares representing 8.82% stake in corporate hospital chain Apollo Hospitals from Bisikan Bayu Investments, another arm of the Malaysian sovereign fund, for Rs 470 crore. This arrangement is a part of an internal arrangement to consolidate shares under a single entity of Khazanah.

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