Apollo Hospitals Enterprise Ltd's stake in Apollo Home Healthcare Ltd reduces, promoters increase stake

Apollo Home Healthcare Limited ('AHHL'), an unlisted subsidiary of Apollo Hospitals Enterprise Ltd has announced that it had allotted 70,73,518 equity shares of face value of Rs.10/- each at a price of Rs. 22/- per share (including premium of Rs.12/- per share) to the following shareholders:

- 13,94,189 equity shares to Apollo Hospitals Enterprise Limited (Company),

- 56,79,329 equity shares to Dr. Prathap C Reddy, Promoter of the Company.

Apollo Home Healthcare Ltd, (AHHL), a unlisted subsidiary of the Company is primarily engaged in nursing care, in home primary care, physiotherapy at home, sample collection, post operative/post surgical care.

Consequent to the above allotment, the paid-up equity share capital of AHHL stands changed to Rs.31,55,65,100 divided into 31556510 Equity Shares of Rs.10/- each. Further the company's shareholding in AHHL has been reduced to 74%, from the existing shareholding 89.69% and the individual promoters holding increased to 26%.

Shares of Apollo Hospitals Enterprise Limited was last trading in BSE at Rs. 5680.10 as compared to the previous close of Rs. 5632.15. The total number of shares traded during the day was 6660 in over 960 trades.

The stock hit an intraday high of Rs. 5716.70 and intraday low of 5618.30. The net turnover during the day was Rs. 37842296.00.

Source : Equity Bulls

Keywords

ApolloHospitalsEnterprise INE437A01024 StakeReduction ApolloHomeHealthcare PromotersIncrease