Chennai, Aug. 22 -- Suneeta Reddy, representing the promoter group, has sold 1.3 per cent of the stake in the company, said City-based Apollo Hospitals Enterprise Limited today.
In a regulatory filing, the company said that Reddy has sold 1,897,239 shares at Rs.7,850 per share, totalling about Rs 1,489 crore.
The sale was done through a block deal at a price which is about 1 per cent lower than the closing price of the share (Rs 7,925.10 on BSE) yesterday.
The company said, "Post this transaction, the promoter/promoter group's shareholding in the company will stand reduced to 28 per cent from the current 29.3 per cent."The pledged holdings of the promoter/promoter group (as a percentage of their total holding) will reduce from 13.1 per c...