According to news reports, a block deal in Apollo Hospitals Enterprise Ltd is being lined up with promoter Suneeta Reddy expected to sell shares worth nearly ₹1,400 crore. The proposed transaction involves an offer size of about 1.25% of the company’s total equity, with the floor price set at ₹7,747 per share.
The deal is likely to be executed tomorrow or in the coming days, depending on market conditions and investor participation. Block deals of this nature often see interest from institutional investors and are closely tracked for their impact on stock price movement.
On August 21, shares of Apollo Hospitals closed at ₹7,920 apiece on the NSE, up 0.47% from the previous close. During the session, the stock hit an intraday high of ₹7,947, matching its 52-week peak, and a low of ₹7,853. At the close of trade, the company’s market capitalisation stood at about ₹1.14 lakh crore.
Disclaimer: This article is based on news reports and stock market data. It is for informational purposes only and should not be considered as investment advice.
