Khazanah-backed fund part exits India's Apollo Hospitals for $160m
Integrated Healthcare Holdings (IHH), which is majority-owned by Malaysian sovereign wealth fund Khazanah Nasional, has sold part of its stake in India's Apollo Hospitals for INR10.7 billion ($160 million).
Public market data shows that IHH sold about 8.4 million shares of Apollo for INR1,267.46 apiece, a discount to the previous day’s closing price of INR1,315. The buyers were undisclosed, though a subsidiary...
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