Apax sells stake in India’s Apollo Hospital for $90 mn: source

Apax still retains a stake of under 1 percent in Apollo.

Written by Reuters | Mumbai | Published:February 28, 2013 10:48 am

British private equity firm Apax Partners LLP raised $90.2 million after selling a 4.2 percent stake in India’s Apollo Hospitals Enterprise Ltd through blocks of shares,a source with knowledge of the sale told Reuters on Thursday.

The sale comes after Apax had sold a 4.8 percent stake in Apollo earlier this month,raising about $97 million..

Apax still retains a stake of under 1 percent in Apollo.

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