Financial Daily from THE HINDU group of publications
Thursday, Aug 04, 2005
Financial Daily from THE HINDU group of publications Thursday, Aug 04, 2005 |
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Markets
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Foreign Institutional Investors Khazanah picks up 13.2% stake in Apollo Hospitals Our Bureau
Chennai , Aug 3 SCHRODER Capital's TWL Holdings Ltd has sold 55.37 lakh shares of Apollo Hospitals Enterprises Ltd to Bisikan Bayu Investments (Mauritius) Ltd, by a "private arrangement", according to a notification to the stock exchanges. This amounts to 13.2 per cent of the equity of Apollo Hospital. It is learnt that Bisikan Bayu is a part of Khazanah, the investment arm of the Malaysian Government. TWL is now left with 7,50,000 shares of Apollo, aggregating to 1.48 per cent of the paid-up capital of the company, the notification to the stock exchange says. The Apollo Hospital stock closed on Wednesday at Rs 396.65, a gain of 0.58 per cent over the previous close. About 2.66 lakh shares were traded on the BSE against the 2-week average of 85,000 shares.
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