File photo Apollo Hospitals Enterprise Managing Director Suneeta Reddy.
Promoter group of Apollo Hospitals Enterprise (AHEL) represented by Managing Director Suneeta Reddy on Friday sold 1,897,239 equity shares, amounting to 1.3% stake, in a transaction worth more than ₹1,489 crore.
The stake sale was via block deal on the stock exchanges at a price of ₹7,850 per share, which was a discount of minus 1% to the closing price on Thursday (August 21, 2025), the company said on Friday (August 22, 2025).
The sale proceeds will be utilised to pare down outstanding debt of the promoter group. Subsequent to the sale, the promoter group holding in Apollo Hospitals will reduce to 28%, from the current 29.3%. The pledged holdings of the promoter group (as a percentage of their total holding) will reduce from 13.1% to around 2%. The transaction fulfils a commitment made to investors to reduce the pledge, the healthcare provider said in a release.
Ms. Reddy holding in AHEL was 3.36% as per the promoter’s shareholding pattern for the quarter ended June.
No plan for further stake reduction
“The promoter group continues to stay fully focused on the growth of Apollo Hospitals, Apollo Health Co and Apollo Health and Lifestyle — to create long-term value in each vertical, reiterating their commitment towards high-quality healthcare for every Indian. The promoter group does not have any plan of any further stake reduction in the foreseeable future,” it said. Morgan Stanley India Company acted as a selling broker to the sale.
On Friday, AHEL shares closed flat at ₹7,920.75 each on the BSE. On Thursday, the shares had closed at ₹7,925.10 apiece.
Published – August 22, 2025 07:39 pm IST
