Apollo Hospitals at Rs 555.35, its highest so far on BSE | business | Hindustan Times
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Apollo Hospitals at Rs 555.35, its highest so far on BSE

Apollo Hospitals Enterprise today soared nearly seven per cent in the early trade, its highest so far on the Bombay Stock Exchange, amid a media report that the company would raise capital by mid next year through debt route.

business Updated: Oct 13, 2010 13:20 IST

Apollo Hospitals Enterprise on Thursday soared nearly seven per cent in the early trade, its highest so far on the Bombay Stock Exchange (BSE), amid a media report that the company would raise capital by mid next year through debt route.

Shares of the health major zoomed by 6.97 per cent to touch Rs 555.35 on the Bombay Stock Exchange in the morning trade.

In a similar fashion, the scrip was trading at Rs 549.60, higher by 5.84 per cent on the National Stock Exchange.

Besides, the BSE index Sensex was trading 240.23 points higher at 20,443.57.

According to a media report, Apollo Hospitals would consider raising capital by mid-2011 via debt. Besides, the healthcare company would mull all kinds of mutually beneficial relationships with the Malaysian sovereign wealth fund Khazanah, the report added.

Earlier reports have suggested that Apollo Hospital was in talks with Khazanah to explore possible partnerships in India and the ASEAN region. Khazanah already owns 12 per cent in the healthcare major.