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Apax sells 12.67% stake in Apollo Hospitals-news13032012

Tuesday, March 13, 2012

US-based private equity firm Apax Partners exited its holding in the leading hospitals and pharmacy chain operator Apollo Hospitals Enterprise with the sale of its entire 12.67% stake for Rs1,034 crore.

Apax sold the stake, held through two of its funds - Apax Mauritius FII Ltd and Apax Mauritius FDI One Ltd, through bulk deals at the stock exchanges.

Foreign fund HSTN Acquisition purchased 17,042,126 shares of Apollo Hospitals Enterprise for Rs1,033.77 crore.
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