Apollo Hospitals Rs 1,489 crore block deal attracts marquee investors; T. Rowe Price, SocGen, Morgan Stanley lead buying

Suneetha Reddy, promoter of Apollo Hospitals Enterprise, sold stake worth Rs 1,489 crore. The sale received positive response from foreign and domestic investors. Abu Dhabi Investment Authority and T. Rowe Price were among the buyers. Kotak Mahindra Life Insurance and Axis Mutual Fund also purchased shares. Apollo Hospitals reported a net profit of Rs 433 crore in Q1.