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Apollo Hospitals downs 4% on stake sale

Apollo Hospitals downs 4% on stake sale

Friday, March 3, 2017, 11:22 AM

Shares of Apollo Hospitals fell nearly 4 percent intraday Friday, following a stake sale by a Malaysian sovereign fund. Khazanah Berhad’s subsidiary Integrated (Mauritius) Healthcare Holdings sold over 6 percent stake in the healthcare company through block deals. It used to hold 10.85 percent stake in the firm before this deal. The stock saw weak movements ahead of the block deal.
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