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Apollo Hospitals Plunges Over 5% on Stake Sale by Malaysian Fund

By Religare
|

Shares of Apollo Hospitals Enterprise tumbled over 5 per cent on the Bombay Stock Exchange after Malaysian fund, Integrated Healthcare Holdings, sold more than 6 per cent stake in the healthcare company.

Apollo Hospitals Plunges Over 5% on Stake Sale by Malaysian Fund
Apollo Hospitals Enterprise: Quotes, News
BSE 1191.20BSE Quote102.3 (8.59%)
NSE 1189.55NSE Quote100.7 (8.47%)
 

Weighed down by the development, shares of company declined as much as 5.31 per cent to hit intra-day low of Rs 1246.00 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company fell 4.88 per cent to Rs 1,256.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,758.71, down 81.08 points, or 0.28 per cent, at 11:35 hours.

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