This Article is From Dec 24, 2013

Apollo Hospitals promoter buys shares for over Rs 87 crore

Apollo Hospitals promoter buys shares for over Rs 87 crore
Mumbai:

PCR Investments, a promoter of Apollo Hospitals, on Tuesday acquired 10 lakh shares of the healthcare company for an estimated Rs 87.67 crore through an open market transaction.

As per bulk deal information available with the bourses, PCR Investments, which held a 18.42 per cent stake in Apollo Holpitals at the end of September quarter, bought 10 lakh shares of Apollo Hospitals.

The shares were purchased at an average price of Rs 876.67 apiece, valuing the transaction at Rs 87.67 crore.

In the quarter ended September, 2013, PCR Investments held 2.56 crore shares, or a 18.42 per cent stake, in Apollo Hospitals.

Apollo Hospitals is one of the leading healthcare groups in the country with over 8,500 beds across 51 hospitals.

Shares in Apollo Hospitals, on Tuesday, ended at Rs 875.25 apiece on the BSE, up 2.86 per cent from the previous close.