Apollo Hospital Block Deal

The promoter will offload 1.25% stake in the hospital chain, with Morgan Stanley as the sole bookrunner for the deal. The promoter firm has set the floor price at Rs 7,747 per share, which marks a 2.26% discount from the previous closing of Rs 7,926.50 per share. According to BSE, Suneeta Reddy holds 48.34 lakh shares representing 3.36% stake in the company. Apollo Hospitals Q1 Performance Apollo Hospitals posted a 42% rise in its net profit at Rs 433 crore in quarter ended June. This is in comparison to a profit of Rs 305 crore in the same quarter of the previous fiscal year.