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Arisaig offloads Apollo Hospitals equity shares

Our Bureau

HYDERABAD, July 8

ARISAIG Partners (Asia) Pte Ltd, along with its Mauritius-based group company, has offloaded two-lakh equity shares held by it in Apollo Hospitals Enterprise Ltd.

In a communiqué to stock exchanges on Tuesday, Arisaig said the company, along with Arisaig Partners (Asia) Pte Ltd, has sold two-lakh shares of Apollo Hospitals Enterprise Ltd. The mode of sale was through open market and the date of sale was July 4, 2003.

Arisaig informed the exchanges that its total shareholding in Apollo Hospitals after the said sale stood at 18,67,477 shares, amounting to 4.73 per cent of the total paid up capital of Apollo Hospitals.

As per the latest distribution scheduled at the end of March 2003, Arisaig held 20.67-lakh shares in Apollo Hospitals, amounting to a stake of 5.23 per cent. This holding of Arisaig figures under the head Institutional Investors, who together hold 14.42 per cent in the company.

While the promoters have a stake of 34.31 per cent, the Indian public was holding 23.11 per cent. The private corporate bodies held 4.08 per cent, NRIs and overseas corporate bodies

4.4 per cent and the balance 19.69 per cent was held by others. At on March 31, 2003, the total foreign shareholding, including GDR, stood at 1,16,88,596 equity shares, representing 29.58 per cent of the total capital.

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