Apollo Hospitals raises $160m through allotment of shares to QIBs

Indian hospital chain company Apollo Hospitals said that it has raised an amount of INR 11.7 billion ($160 million) by allotting its shares to qualified institutional buyers (QIBs).

In a filing to the Bombay Stock Exchange (BSE), the hospital chain said that its fund raising committee gave its nod to the allotment of 46,59,498 equity shares having a face value of INR 5 each to eligible QIBs at the issue price of INR 2,511 per share. This represents a premium of INR 2,506 per share.

Following the allotment of shares in the issue, the paid-up equity share capital of Apollo Hospitals has gone up to INR 69,56,25,795, which consists of 13,91,25,159 shares to INR 71,89,23,285 comprising 14,37,84,657 shares.

Apollo Hospitals raises $160m through allotment of shares to QIBs. Photo courtesy of Hpsatapathy/Wikipedia.org.