Schroder Investment Management (Singapore) Ltd, part of the Schroder Group, has officially become a substantial shareholder in Apollo Hospitals Enterprise Ltd. As per regulatory filings made on 27 November 2024, the acquisition took place through an open market transaction, marking a significant development in the healthcare sector.

Shareholding Details

The transaction occurred on 25 November 2024, increasing Schroder Group's total shareholding in Apollo Hospitals to 7,203,348 shares, equivalent to 5.01% of the total voting capital. Prior to this acquisition, Schroder held 4.979% (7,157,069 shares) of Apollo Hospitals. With an additional 46,279 shares acquired, the group has crossed the 5% threshold, necessitating disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Foreign Investment in Healthcare

This acquisition underscores the growing foreign interest in India's healthcare sector, particularly in high-performing companies like Apollo Hospitals. Schroder Group's increased stake signals confidence in Apollo's operational excellence and growth potential.

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Apollo Hospitals, listed on both the National Stock Exchange of India (NSE) and The Bombay Stock Exchange (BSE), remains one of the most sought-after stocks in India's healthcare space.

Mode of Acquisition

The acquisition was executed via the open market, highlighting Schroder's strategy of gradual accumulation rather than large block purchases. This method also ensures minimal disruption in the share price while allowing investors to strengthen their holdings strategically.

Compliance and Regulatory Aspects

As part of regulatory compliance, Schroder Group submitted the requisite forms to SEBI, detailing the specifics of the acquisition. Notable highlights include:

• Date of transaction: 25 November 2024
• Mode of acquisition: Open market
• Shareholding post-acquisition: 5.01%
• Voting rights: Unchanged as per total diluted capital

This disclosure demonstrates transparency and adherence to SEBI's regulations, ensuring confidence among stakeholders and regulatory authorities.

Impact on Apollo Hospitals

Apollo Hospitals continues to be a leader in India's healthcare industry. This acquisition by a reputed global investment management group further enhances the company’s credibility and showcases its attractiveness as a high-value investment destination.

The healthcare sector in India has witnessed a surge in foreign investments due to its expansion potential, driven by increasing demand for quality healthcare services and robust infrastructure. Apollo's ability to consistently deliver superior healthcare solutions makes it a prime choice for institutional investors like Schroder Group.

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