CLSA selling Apollo Hospital shares to raise up to $135 mn

Posted: Nov 28, 2012 at 1624 hrs
CLSA Capital Partners, the alternate investment arm of the Hong Kong-based brokerage firm, is selling its 6.15 percent stake in India\'s Apollo Hospitals Enterprises to raise up to $135 million, a source with direct knowledge of the matter said.

CLSA, which is Apollo\'s fourth largest shareholder, is selling 8.55 million shares in a price band of 824 rupees to 876 rupees a share, said the source, who declined to be named as he was not authorised to speak to the media.

Citigroup is the sole bookrunner to the deal, the source said.