New Delhi, Aug. 21 -- Suneeta Reddy, managing director of Apollo Hospitals Enterprises Ltd (AHEL) and a member of the promoter family, is set to offload a partial stake in the company through one or more deals on Friday, 22 August.

Reddy, the second of four daughters of AHEL founder Prathap C. Reddy, is selling 1.8 million shares in the company, which equates to 1.25% equity stake, according to a term sheet reviewed by Mint.

The transaction is valued at Rs.1,395 crore, with a floor price of Rs.7,747 per share. This is a 2.26% discount over Thursday's market close price of Rs.7,926 on the NSE. Morgan Stanley India is the sole bookrunner for the deal.

Reddy currently owns 3.36% stake, accounting for 4.83 million shares. After the sale, h...