Apollo Hospitals Enterprise today said an arm of Malaysian sovereign fund Khazanah has bought 8.82 per cent shares of the company for Rs 528 crore in an off market sale.
The transaction was carried out between Khazanah's arms Integrated Healthcare Holdings Ltd (IHHL) and Bisikan Bayu Investments (Mauritius) Ltd.
In the off market deal, IHHL has bought 11 crore shares of Apollo Hospitals from Bisikan Bayu Investments (Mauritius) Ltd, Apollo Hospitals said in a filing to the BSE.
Bisikan Bayu, which held earlier held 12.10 per cent stake, will have only 3.28 per cent of equity capital of Apollo after the deal, it added.
Shares of Apollo Hospitals on Wednesday closed at Rs 479.20 on the BSE, down 1.61 per cent from its previous close.