Promoter family of Apollo Hospitals divests 3.6 per cent holding in Apollo Hospitals

Promoter holding in Apollo Hospitals now stands at 30.8 per cent

The promoter family of Apollo Hospitals, represented by Suneeta Reddy, Managing Director, Apollo Hospitals recently divested 3.6 per cent holding in Apollo Hospitals through a bulk deal. Promoter holding in Apollo Hospitals now stands at 30.8 per cent.

Once these proceeds are applied along with the net proceeds from the Apollo Munich transaction (expected by end October), the pledge position will come down from the current 76 per cent to around 20 per cent.

There will be no further dilution of promoter stake.