Suneetha Reddy, part of the promoter group of Apollo Hospitals Enterprises, prepares to offer 1.8 million shares or 1.25 percent equity in the business for an overall quantity of 1,394.5 crore, according to a term sheet.
The shares will be used through a block offer on Friday, with a flooring rate of 7,747 per share, a discount rate of 2.3 percent to its closing cost on Thursday.
Reddy held 3.36 percent stake in the business at the end of June, exchange filings revealed. The promoter group, as an entire, holds 29.3 percent stake, while the numerous people of the Reddy household hold 10.35 percent.
Stock cost
Shares of Apollo Hospitals have actually increased over a 4th over the last 6 months and 17 percent over a 1 year duration.
The business reported a combined net earnings of 432.8 crore in the June quarter on earnings of 5,842 crore.
Previously on Friday, the Promoter Group of Apollo Hospitals, represented by Suneeta Reddy, offered 1,897,239 equity shares, totaling up to 1.3 percent stake in Apollo Hospitals Enterprise Limited through block offer on the stock market, at a rate of 7,850 per share, a discount rate of 1 percent to the closing cost the other day.
The sale earnings will be made use of to pare down arrearage of the Promoter Group.
Subsequent to the sale, the Promoter Group keeping in Apollo Hospitals will lower to 28 percent (from the existing 29.3 percent) and vowed holdings of the Promoter Group (as a portion of their overall holding) will lower from 13.1 percent to 2 percent. The deal satisfies a dedication made to financiers to minimize the promise.
Morgan Stanley India Company Private Limited served as a selling broker to the sale.
The Promoter Group does not have any strategy of any more stake decrease in the foreseeable future.
Released on August 21, 2025
