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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah consolidates stake in Apollo Hospitals

Posted on 22 March 2011

Integrated (Mauritius) Healthcare Holdings, an arm of Khazanah Nasional Bhd, has acquired 8.82 per cent stake in corporate hospital chain Apollo Hospitals from Bisikan Bayu Investments, another arm of the Malaysian sovereign fund, for Rs 470 crore.
The deal comes eight months after the fund succeeded in aborting attempts of billionaire brothers Malvinder and Shivinder Singh-promoted Fortis Healthcare to acquire a majority stake in Khazanah-controlled Parkway hospital chain of Singapore……………………………………….Full Article: Source


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