Bulk of the shares were purchased from an entity Olivia Holdings DR AC, which could mean the transaction related to the company’s depository receipts.
Part of the shares were acquired by BNY Mellon Asian Equity Fund, which targets investments in Asia excluding Japan. The over two decades old fund had total net assets of $835 million as of November 2010, 5.8% of which was invested in India. Among its other investments in India include Coal India.
Apollo Hospitals is in the process of raising over Rs 1,000 crore through a qualified institutional placement (QIP) and warrant issue to the promoters. It plans to raise Rs 900 through a mix of equity and non convertible debentures with warrants through a QIP besides Rs 154.8 crore through issue of warrants to the promoter Prathap Reddy at Rs 472.46 per warrant.
As of December 31, the promoters already held 3.08 million warrants that are convertible by end 2011. These warrants were issued at a price of Rs 385.8. Apollo scrip was trading at Rs 461.95 at mid-day on NSE.