Apollo Hospitals gains over 2% on Hetero purchase

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Shares of Apollo Hospitals rose over 2 per cent in early trade on Bombay Stock Exchange (BSE) after it announced that it will buy pharmacy chain Hetero Med Solutions for Rs 146 crore ($23.94 million). The deal value was cheaper than the market speculation of Rs 300 crore.

The shares of company rose as much as 2.48 per cent to trade at Rs 1150.50 a piece on the BSE.

Similarly, shares of the company rose 2.53 per cent to Rs 1153.30 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 26,956.43, up 325.14 points or 1.22 per cent at 11.22 hours.

Read more about: apollo hospitals enterprise
Story first published: Thursday, September 18, 2014, 12:50 [IST]
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