Apollo Hospitals Raises Rs 1,170 Crore Through Allotment Of Shares To QIBs

Apollo Hospitals Enterprise Ltd. on Saturday said it raising Rs 1,169.99 crore through allotment of shares to the qualified institutional buyers.

The fundraising committee on Saturday approved the allotment of 46.59 lakh equity shares of face value Rs 5 each to eligible QIBs at Rs 2,511 per share, it said in a stock exchange filing. The allotment is at a discount to Friday’s closing price of Rs 2,601.5 apiece.

The issue opened on Jan. 18, 2021 and closed on Jan. 22, 2021, it added.

"Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the company stands increased from Rs 69,56,25,795 consisting of 13,91,25,159 equity shares to Rs 71,89,23,285 consisting of 14,37,84,657 equity shares," the filing said.