Archive · 23 Aug 2025
Apollo Hospitals' Promoter Group Sells 1.3% Stake for Rs1,489 Crore
The group that runs Apollo Hospitals, led by Suneeta Reddy, sold a small portion (1.3%) of their shares in the company.
They sold about 19 lakh shares at a set price, making about Rs1,489 crore.
This money will be used to pay off some of their debts.
After this sale, the group will still own a significant part of the company.
They also said they don't plan to sell any more shares in the near future.
The sale was done to fulfill a promise made to investors.
Apollo Hospitals' promoter group, led by Suneeta Reddy, sold a 1.3% stake.
The sale, involving 18,97,239 shares, was executed via a block deal.
The shares were sold at a price of Rs7,850 each, totaling Rs1,489 crore.
Proceeds from the sale will be used to reduce the promoter group's debt.
Following the sale, the promoter group's holding will be 28%, and pledged holdings will be 2%.
- Who
- Apollo Hospitals' promoter group, led by Suneeta Reddy.
- What
- Apollo Hospitals promoter group sold a 1.3% stake in the company.
- When
- The sale occurred recently.
- Where
- The sale was conducted on the stock exchanges.
- Why
- To reduce the promoter group's outstanding debt.
- Seller
- Apollo Hospitals promoter group led by Suneeta Reddy
- Stake Sold
- 1.3%
- Number of Shares
- 18,97,239
- Price per Share
- Rs7,850
- Total Value
- Rs1,489 crore
- Purpose
- Debt reduction
- Promoter Holding After Sale
- 28%