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This is an archive article published on December 19, 2011

Apollo Hospitals gains on share allotment

Apollo hospitals rose after it clarified that it had allotted 3,089,242 shares to a promoter.

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Shares in healthcare major Apollo Hospitals extended gains for a second straight session,after the company clarified on the shares it allotted to its promoters on conversion of warrants.

The company had said in a statement on Thursday that it had allotted 3,089,242 shares to Prathap C Reddy,one of its founders,as per prevalent regulations and guidelines.

At 11:30 am,shares of Apollo Hospitals were up 1.16 per cent at 538 rupees.

Company INFO More on Apollo Hospitals

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