Pcr Investments

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.

The PE fund will subscribe to the convertible debentures issued by Prathap Reddy's holding company PCR Investments with an option to convert these debentures into equity shares of listed Apollo Hospitals at the end of five years, Apollo Hospitals said.

Healthcare services provider Apollo Hospitals Enterprise promoter Sangita Reddy on Friday offloaded 9.2 lakh shares of the company to a promoter group entity PCR Investments for over Rs 90 crore.

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.

The PE fund will subscribe to the convertible debentures issued by Prathap Reddy's holding company PCR Investments with an option to convert these debentures into equity shares of listed Apollo Hospitals at the end of five years, Apollo Hospitals said.

Healthcare services provider Apollo Hospitals Enterprise promoter Sangita Reddy on Friday offloaded 9.2 lakh shares of the company to a promoter group entity PCR Investments for over Rs 90 crore.