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Apollo Hospitals shares gain 4% post HDFC-Apollo Munich deal

Updated : June 20, 2019 10:02 AM IST

The stock gained as much as 3.8 percent in opening trade to Rs 1,403.90 per share.
According to Morgan Stanley, the Apollo Munich stake sale is a major liquidity event and should help reduce the leverage.
HDFC will acquire 50.8 percent in Apollo Munich for Rs 1,336 crore from Apollo Hospitals Group and 0.4 percent from a few employees for Rs 10.84 crore.
Apollo Hospitals shares gain 4% post HDFC-Apollo Munich deal
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