Apollo Hospitals Enterprise Limited Increases Shareholding in Apollo Health and Lifestyle Limited to 100%
Apollo Hospitals Enterprise Limited announced a further acquisition in Apollo Health and Lifestyle Limited (AHLL), bringing its effective shareholding to 100%. The latest transaction involved purchasing an additional 775,744 equity shares of AHLL.The acquisition was completed from existing individual shareholders. Details confirm that the shares were purchased at a price of Rs. 241 per share.
For this latest tranche of shares, the total consideration paid by Apollo Hospitals Enterprise Limited was Rs. 18.69 crores.
This latest acquisition significantly bolstered the company's stake, increasing its shareholding in AHLL to 100%. Previous reports indicated that the company's shareholding had reached 99.42% following earlier acquisitions of equity shares in AHLL from the International Finance Corporation (IFC) and IFC EAF Apollo Investment Company (IFC EAF).
The newly acquired shares had a face value of Rs. 10 each.
APOLLOHOSP Stock Price Movement
Today, Apollo Hospitals Enterprise Limited shares edged higher to close at ₹7511.5, finishing up 0.51% for the session. The stock was supported by considerable activity, trading today on a volume of 437,163 shares.Source:
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